12pm update - awaiting a break

US equities continue in minor chop mode... still holding a baby bull flag.. within a large ascending bearish wedge. VIX is similarly stuck within the down trend. The break levels at the close of today will be sp'2121 with VIX 12.30s. Metals remain weak, Gold -$4.


sp'60min

vix'60min

Summary

It remains tedious, and I certainly understand the disbelief amongst some bears who can't believe a 'no deal' situation is only resulting in minor declines... at least so far.

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notable reversal in NFLX... with Icahn causing some trouble as he notes on TWTR has has sold out.

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VIX update from Mr T.  



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time for lunch


12.03pm. SNAP lower.... as support FAILS.   VIX jumps... 12.70s... we have a provisional bearish break.. finally!

12.05pm.. There is notable discrepancy between SPY and the stated indexes.

SPY is suggesting sp -8pts...        actual quoted sp'500 is -5pts

Something 'quirky' is going on...


12.10pm... huge black-fail candle on NFLX.. .set to turn negative.. having swung from 706 to 682


12.30pm.. sp'500.. back in sync with SPY....  -8pts ..

What is clear though.. we have a provisional break of trend in the sp'500... confirmed via VIX.
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