2pm update - sleepy Monday

Price action remains increasingly light... and dull. VIX is holding minor gains of 5% in the low 14s. The bigger daily index and VIX cycles are both supportive to the equity bulls across this week. Metals and Oil remain broadly weak.


VIX'60min

Summary

Price structure on the VIX hourly is another bull flag - much like last Friday.. even with an opening black-fail candle.

Bodes (slightly) to the bears tomorrow...
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Notable strength: Nat' gas +4.6%..building gains across the day. Talk of $5 will be increasing this week.  All that is missing are some Russian threats of turning off the gas this winter to the EU.

yours... in the EU.