Seasonality is beginning to work against stocks with half of May and June ahead. The rate of this sell-off has been steep and unanticipated by me. That said, the VIX is not seeming to show much panic. So either that is to come soon, or we’re close to a short term bottom.

Slightly below neutral. Normal level for a rising market. Neutral with some indecisiveness. This could lead to a big break either way. The little recent lip and potential up turn could indicate some strength. The recent declining peaks is indicative of a thinning bull market however. Kind of in a wait and see on this...