1pm update - still holding

US equities remain seeing minor weak chop, with the sp'500 holding the earlier floor of 1986. VIX remains below the opening gap high of 14.83. Metals continue to cool from the opening gains, Gold +$5, with Silver -0.2%


sp'60min

Summary

Market is likely still in the process of churning out a floor.

Equity bears have nothing to tout unless we break under the recent key floor of <1978.. although yes, the R2K is well below the equivalent level.
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For now... this is merely a place to exit shorts and/or go long.
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1.40pm.. so much for the floor, a fractional break... sp'1985.. but again.. another attempt to spike-floor.

Bears getting a lot of opportunities to exit today... how many will be whining by the Friday close?