The sp'500 remains lower for the third consecutive day, and notably.. the 7th daily decline of the last 8 trading days. VIX continues to flirt with the key 20 threshold. Commodities remain under pressure, Gold -$2, Silver -0.4%, with Oil -2.4% in the $40s.
From a pure cyclical perspective, we're very oversold on the hourly cycle.
Hourly equity candles are offering spike floors.... suggestive an initial floor is being formed.
Regardless of whether we close the week in the 2030s, or more likely 40/50s, it will be a net weekly decline for all the US indexes... with probable further downside next week.
VIX update from Mr T.
time to see what the cheerleader maniacs on clown finance TV are saying...