Equities are seeing some increasingly weak minor chop. The sp'1911 low is clearly the target for the bears to break, along with VIX into the upper 17s. Metals are starting to build gains.. Gold +$4.
sp'60min
vix'60min
Summary
*I'm well aware of the other outlooks, and maybe I'm just annoyingly a little early again.
If 1911 fails to hold, then we're probably in some C wave lower. There is a micro gap around 1900.. which is an obviously pretty big threshold.
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Regardless, I just don't see the price action as particularly bearish.
VIX update from Mr R... and an intern.
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time for tea.. or something
12.26pm.. so much for the 1911 low....
The break offers 1905/00 in the immediate term.
Despite the declines, VIX still only +2% in the 16s.
12.40pm.. sp'1908....... its getting tedious.