US equities remain in minor chop mode, but the hourly equity/VIX cycles continue to swing increasingly in favour of the equity bears. Some distinct weakness into the monthly close remains viable. Metals are holding gains, Gold +$9.
Hmm, its getting a little interesting.
The MACD setup is offering a bearish equity cross in about 3 hours, with the VIX offering a bullish cross in 2 hours.
Certainly, by late afternoon, there is opportunity for the market to finally break lower... not least ahead of the jobs data.
Here in London city...
Its reasonable... :)
time to cook