12pm update - continued weak chop

The equity market continues to see weak price chop in the 1780s. Hourly cycles offer upside to 1810/15 within a day or two, which would equate to VIX 15/14.50. Metals remain weak, Gold -$3, whilst Oil is holding notable gains of 1.5%.


sp'60min

Summary

*added a fib chart to hourly chart, you can see a lot of key levels 1809/18 zone.
-
I would imagine a lot of people are getting lost in the minor noise today.  Bigger pressure remains..to the downside..equity bears should be looking to break that late this week..or next.
-

Notable mover: AAPL, -7% or so, and is even getting featured on Drudgereport.

AAPL looks set to test the 200 day MA...in the 485/475 zone..within a week or so.

time for tea :)