11am update - no downside power

Considering it is opex, it should not be entirely surprising that so far, price action remains pretty subdued. Even a retrace to the gap zone of sp2065/61, looks far more viable after the weekend. VIX is reflecting the situation, broadly flat in the 13s.


sp'60min

VIX'60min

Summary

Little to add.. on what is already a pretty tedious day.

Considering current price action, even a move to the sp'2060s looks difficult, with the 2050s absolutely out of range today.. and probably until the latter part of next week.

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time to cook