12pm update - minor down wave

US equities have seen a rather sharp turn at the typical turn time of 11am. Yet.. in the scheme of things, this all remains minor chop within the sp'1990/50 zone. VIX remains subdued, and is barely able to claw 2% higher..still in the 12s.


sp'60min

VIX'60min

Summary

*reason for the break lower, is arguably the news that the EU is widening sanctions against its Gas master... Russia.
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Suffice to say, its all minor chop..ahead of the infinitely more important Wednesday.
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VIX update from Mr T


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time for lunch