12pm update - still headed lower

US indexes look set for more significant weakness this afternoon. The sp'500 looks set to slip into the low 1920s, which will likely equate to VIX in the low 16s. Metals are weak, Gold -$4, whilst Oil is lower by a rather significant -1.1%.


sp'15min

Summary

*the micro waves are notoriously tricky to fathom... but so far.. things remain on track for a minor fifth wave lower.. and then a multi-week up wave...into mid September.

Dare I say...the sp'2000s still look a valid target.
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VIX update from Mr T.


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time for lunch
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12.20pm... CNBC... lunch time stock pump...

RNG...

Look at how it jumped...
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12.29pm... Morning low set to be broken....  VIX on its way to the low 16s.