11am update - minor declines won't hold

The indexes have seen a 10pt swing from sp'1692 to '82, yet..it all appears as 'mere noise'. The bears look weak, and the key 1675 level looks impossible to break soon. Similarly, bulls will be stuck at 1700. Metals remain weak, Gold -$9


sp'60min

VIX'60min

Summary

*VIX similarly putting in a failed/spike higher.
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The 15/60min cycles look like a spike-floor has been put in at 1682, with VIX maxing out in the mid 13s.

I guess some will be still trying to trade these tiny moves....but not me.

This minor-chop nonsense looks set to continue into Friday.

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Notable movers, UAL, along with the whole airline sector.

AAPL looks pretty good for 485/490 by opex.