12pm update - failed backtest on broken resistance

US equities have cooled from the opening gains, with all indexes now turning moderately red (as ever, notably.. the R2K). Equity bears need a daily close back in the 1950s to offer hope of some kind of mini wash out in the 1920/05 zone.


sp'60min

R2K, daily

Summary

The R2K still looks real ugly...failing at the 10MA and old broken support in the 1110s.

As for the sp'500... it is somewhat a confusing mess. We did see a clear break this morning....but its failing...and we're seeing a moderate snap with the failure to hold the old resistance.

VIX is reflecting the failure, +6% in the 15.50s.
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VIX update from Mr T.



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time for... no lunch....       too ill

back at 2pm (assuming I don't fall asleep)