US equities are increasingly weak ahead of the big monthly jobs data. Price structure is offering a micro double top of sp'2075/76. First soft target is the recent low of 2049, and then the 2020/15 zone.
sp'60min
vix'daily3
Summary
*vix is starting to reflect a little nervousness in market land. First target is a daily close in the 15s.
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A daily close <2049 sure would make things interesting for tomorrow, but yes. that is a long way down, and we've not seen a net daily decline of that amount since mid October.
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Oil remains weak, -1.4%, and that sure isn't helping energy stocks.
RIG -3%
SDRL -5% @ $12.55, effectively hitting my target. Considering oil prices.. $10 now a given... perhaps $7.