11am update - minor chop

The week has started with minor chop for US equities, and this sort of price action could be the case across the week. VIX is higher, but at best..looks set to get stuck in the 12s. Metals are trying to resume the upward climb, Gold +$3.


VIX'60min

Summary

Little to add, and indeed, price action is somewhat muted.

Weekly charts are restrictive to the mid 1960s, whilst the daily charts just about offer 1970/75.. briefly

Regardless, there is no short trade here.
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*WFM continues to attempt to cement a floor in the low $39s....a daily close in the 40s would be a start.