1pm update - continued minor chop

US indexes continue to see much the same price action. There remains notable weakness in the R2K, -0.6%. Precious metals are largely flat, with Gold +$1. VIX is holding very minor gains of 3%, but looks set for another daily close in the 11s.


sp'60min

Summary

From a pure cyclical perspective, hourly index charts are prone to upside tomorrow..rather than downside.

Certainly, it remains a case that the equity bears remain effectively powerless..as reflected in a VIX that is barely able to hold the 12s.
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Notable gains, TWTR+ 1.6%.