2pm update - the chop continues

US equities remain a touch weak, having seen a minor rally - due to Oil clawing from -3.0% to -0.7%. Metals remain highly vulnerable on rising support, Gold +$1. Equities remain in minor chop mode.. ahead of the Yellen tomorrow morning.


sp'60min

GLD, daily

Summary

*Gold sure looks weak, failed morning rally... highly vulnerable to renewed significant weakness.
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As for equities, market will typically turn around 2.30pm.. so.. unless the bulls can break sp'2110 within the next 30mins... there is likelihood of weakness into the close...

Seeking a break of the morning low of sp'2103.