12pm update - R2K is not exactly inspiring

Whilst the algo-bots magically melt the sp'500 to a new high of 2050, the two leaders - Trans/R2K are not confirming it. A fourth consecutive daily decline for the R2K looks very viable. Commodity land remains mixed, with Gold +$5, whilst Oil -1.5%


R2K, daily

Summary

So... sp'2050... a mere 4% shy of the key fib target of the 2130s.

Anyone still think sub'1900 is likely before year end?
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As for the R2K, it remains the weakest index for the year of course, but did notably break the high of Sept'1st. Right now, seems almost impossible to envision any sustained trading <1100.

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Notable weakness... BABA

Obvious key support is the giant $100 threshold.

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VIX update from Mr T.


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 time for tea

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back at 2pm.