3pm update - melt into the close

The market remains pretty subdued, as it quietly awaits a series of key events/data across the rest of the week. Metals are set to close a touch higher, with the broader trend remaining weak. VIX will likely close in the 11s for the seventh consecutive trading day.


sp'60min

Summary

Little to add, on what is a quiet day.
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*I remain on the sidelines, and have little interest in trying to guess what the ECB will do this Thursday..never mind how the market might react to it.

Right now, I'd only consider an index short if sp'1935/40s, which is just about viable.