12pm update - market stuck

US equities continue to hold moderate gains, although the sp'500 sure looks stuck under the recent high of 2024. With the VIX already having turned fractionally positive, there remains increasing likelihood of weakness into the late afternoon.


sp'daily5

Summary

Interesting day so far.

As for downside retrace... a move to the 50dma.. around 1970 looks viable. At best..  maybe 1950, but the latter is of course completely not viable until next week.

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VIX update from Mr T... from a rather noisy trading floor.


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time for tea