11am update - messy morning

US equities have seen some real messy action so far. A fractional new high of sp'1992, but the R2K had fallen -1.0%.... but now bouncing back to -0.3%. VIX has seen some bizarre opening price moves. Metals remain weak, Gold -$12.


sp'60min

vix'60min

Summary

*lower gap zone in the 13s.. filled in the VIX.   The 15s would be an obvious target in the next equity down wave.
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So..what to make of this?

Overall... yes, there are some signs of weakness - via the two leaders (Trans/R2K).. but the overall market still broadly on the rise.

The fact the VIX is again back to red should not excite the bears about tomorrow.