12pm update - propped up by benny bux

The market is struggling, but its pretty clear why we're not dropping below key channel support of 1690..... QE-pomo..of $3bn. Precious metals remain a touch weak, whilst Oil is battling higher again. VIX is cooling down after a brief 6% spike into the low 13s.


sp'60min

USO, daily2

Summary

It remains all minor chop.

There is no reason for the bears to be getting involved this week, even if you think there is a sub'4 yet to come. Very minor downside risk....against the likely reality of sp'1710/20s.
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*SLV remains on my radar, but so far..I'm content to just watch.


VIX update from Mr T



time for lunch!