2pm update - the battle continues

US equities are battling to hold the earlier low of sp'2040. There is notable significant strength in the Transports, +1.0%. Metals remain broadly weak, Gold -$9, with Silver -2.0%. Oil is similarly weak, -2.2%.


sp'60min

Trans, daily

Summary

*yesterday saw a notable break of rising trend in the Transports, and it remains the only key break the bears have achieved this year.
--

VIX has just broken into the 17s.. which is ironic considering the minor chop in the main market.