Despite some price chop, equities remain broadly weak, with a daily close <sp'2025 very viable. VIX is showing some marginally interesting upside power, +8% in the 17s. The 19/21 zone looks a given.. with sp'2000/1990s. Oil remains choppy, -0.3% in the $47s.
It is notable that the fourth blue weekly candle has turned to an outright bearish red.
At the current rate, we'll see a MACD bearish cross late next week... or certainly by end month.
So... underlying downward pressure.. as the old floor is decisively taken out. The 200dma awaits.
The bearish fleet!