1pm update - afternoon weakness?

Equities remain a little lower, and there looks to be fairly high likelihood of another wave lower before the close. Primary downside target remains sp'1972/70 zone.. with VIX 15s. Meanwhile... metals remain relentlessly weak.


sp'60min

Summary

It remains a tedious and somewhat frustrating day.

Minor chop...with underlying bias to the downside.

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*I hold a very minor long-index position from sp'1991... will look to add, if low 1970s.


1.28pm.. for those watching... things starting to get interesting...

VIX ticking higher.... equities looking increasingly weak again.