1pm update - the weak chop continues

Equities remain choppy in the sp'1860/50s, with a VIX that is comfortably holding the mid 20s. Renewed weakness is highly probable into the close, with follow through early Friday. A key cycle low in the 1815/00 zone remains target.


sp'60min

Summary

*Oil has turned higher, +0.9%, after earlier declines of -1.2% or so
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Its getting a bit tedious, although the minute by minute swings remain pretty strong.
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Notable weakness: NFLX, currently holding a daily reversal candle, but there is zero reason why it won't eventually fall to 310/300 zone.

Makes me think of AMZN earnings, due next Thursday. Hmm


1.19pm.. Picked up a short-index block from sp'1869.    Seeking another wave lower.. before this all wraps up.