3pm update - a minor recovery day

US equities are battling to hold moderate gains into the close. The morning break of the 50 day MA to sp'1837 remains some serious technical damage. Regardless of the close, the equity bulls are losing momentum each day. Metals are holding gains, Gold +$12.


sp'15min

Summary

The closing hour....probably minor weak chop...

On no basis do I see indexes closing under the morning low.
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I've labelled an ABC, but whatever you want to call it...I expect the bounce to continue into tomorrow.


3.14pm... minor chop continues....a close still likely in the 1850s.

3.32pm.. VIX set to close in the upper 14s.