11am update - marginally interesting

US equities continue to slide, with a clear failure of the 50dma on the sp'500.... next downside support is around 2020/15. VIX has broken into the 20s...+16%. Metals are holding gains, Gold +$10, whilst Oil remains in collapse mode, -3.8% in the $50s.



sp'60min

sp'weekly2, rainbow

Summary

*with the loss of the 50dma, we now have a red candle.. but a long week ahead. Those seeking more sig' downside should be seeking a hit of the lower weekly bol'.. currently a long way down at 1907.
--

So... an interesting start to the week... and so far... ZERO sign of any buyers.

Looks like we're headed for 2020/15 zone...
-

Notable weakness, energy stocks... many showing declines of 5-6%.. breaking new multi-year lows.

Alcoa (AA) -4.1%... a surprisingly large drop... despite the main indexes.