Fri 8/30/2013. Mid-day Update.

SPX is definitely not following the more bullish script. The System remains short and SPX is bumping up against its uptrend line from 1343 in November 2012 again. If that and 1627 breaks, there is the potential for a swoon to 1600-1605 for starters. VIX would probably rise to 19-22 where it has topped many times over the last year. It currently stands at 17.5. Key moment. Good fortune.