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The VIX has continued its move higher on conflicting Dubai and retail sales reports and interpretations, leaving the Russell 2000 (IWM) down nearly a full percent.  Down Volume is slightly outpacing Up Volume, Cumulative Tick is very negative and the Advance – Decline line has been vacillating in direction while maintaining a negative net disposition.  That said, selling pressure “feels” light, SPX 1,085 has provided sound support, and price action may yet be saved by turn-of-month seasonality — still it will be an upward battle to fight these internals.