US equities remain moderately lower. Price structure is a rather clear bear flag on the smaller 60/15min cycles, and it strongly bodes for the sp'2020s tomorrow/Wednesday... which will likely equate to VIX back in the 20s.
sp'60min
VIX'60min
Summary
*writing from my bed... surviving on tea and chocolates!
--
So... a bear flag on in the indexes... and I'm surely not the only one who notices it. Market should have a fair chance of closing at the lows of the day.. with the 2025/20 zone tomorrow... or Wednesday at the latest.
There is naturally a corresponding bull flag on the VIX hourly... the setup looks pretty clear, strongly favouring the equity bears.
Notable weakness: AA -5.3%... having tested the 200dma... but it'll probably be trading under it tomorrow!