The market is still seeing minor declines, but it is indeed 'minor'. The VIX has fought to break the recent high, but looks failing now. I really can't see today's action as anything other than minor chop. USD is +0.5%, although Oil and Silver remain slightly higher..with Gold marginally lower.
sp'60min
vix'60min
Summary
Near term action looks just like minor chop, with the underlying upside still lurking. Bears still need to be super cautious in the days..and indeed..weeks ahead.
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*I'm still long Silver, which is higher, but am looking for a jump higher, perhaps tomorrow.
