2pm update - continuing weakness

US equities continue to slide lower, with sp -0.5% @ 2047.. a mere 0.5% away from the important 50dma. VIX remains notably back to flat, having broken above the 20 threshold earlier. Metals are cooling from earlier swing gains, Gold +$3. Oil remains very weak, -2%


sp'60min

VIX'60min

Summary

Well, it looks like we're headed for sp'2040.. where the 50dma will be lurking on Monday. That equates to R2K @ 1180/75, where there are 3 aspects of support.

No doubt many will be calling the last few days as a genuine sign that the market is in real trouble in Q1... but frankly, I can't take the declines seriously.

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notable weakness, TSLA, -3%