3pm update - minor weakness into the close

US equities look set to close with continued mixed weak price chop... with a slight downward pressure - via the daily cycles. Equity bears should look for a VIX close in the 14s, which opens up 16/17s later in the week.


sp'60min

Summary

Not much to add, a relatively quiet start to the week.. despite Japan getting whacked on what was very poor GDP Q3 data of -1.6% (market was expecting something in the +2.0s).

Clearly... the BoJ needs to print a lot more.
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back at the close... barring a surprise takeover bid... although I'd guess HAL ain't buying anything else this year.