11am update - the charts offer trouble this afternoon

The hourly equity MACD cycle is rolling over... set to turn negative into the afternoon. From a purely 'chart perspective', the sp'2020s remain a viable target by late today. Such a sharp drop will require some 'fiercely spooky' news updates from Brussels.


sp'60min

VIX'60min

Summary

*metals remain weak, Gold -$12..... whilst Oil -3.5%
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I realise the sp'2020s look a crazy downside target by end of today... but it is possible. In terms of VIX.. that would likely equate to 21/22s.

Certainly.... stay tuned.... and be mindful of a very sharp snap lower on 'ohh noes' news. For those in the market today.... it is a highly dangerous day.
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Notable weakness: TSLA -3.9% in the $207s.... ahead of earnings.
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11.06  EXITED SLV- short... looking vulnerable to bouncing... not least if Gold jumps on any 'spooky news'.

.. am considering an index put position... hmmm


11.19am LONG VIX.. from 17.30....

Certainly.... will be 'interesting' if market starts to slide.

... this is my first VIX trade since summer 2013.


11.29am Market remains seeing minor chop... stuck under resistance of sp'2072... with VIX 17s..... interesting afternoon ahead.

*TSLA remains weak, -3%