US equities remain moderately lower, ahead of the latest FOMC minutes. A break under sp'2090 would open up a test of the 50dma (2045) within a few days. VIX is holding minor gains +3% in the 16.20s. Metals remain weak, Gold -$7. Oil is similarly on the slide, -2.0%
sp'60min
VIX'daily2
Summary
... lets see what the algo-bots make of the Fed press release...
*second blue candle on the VIX daily 'rainbow' chart... kinda interesting... but until 17.50s... its mostly noise.
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Notable weakness: RIG -1.9%... lower oil prices are not helping.
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2.03pm.. more of the 'patience' crap.... indexes jump... although its nothing too significant.
So tired of the word games we see in these financial times.
Metals trying to recover, Gold -$4
2.06pm.. Smaller 5/15min cycles will be maxed out around 2.30pm... so.. there is a chance of weakness into the close.
2.19pm.. Now its a race... to break under the 2092 before the close.... a mere 0.3% lower.... not exactly a bold target!
VIX battling to hold the 16s. a daily close in the 17s would be pretty significant.
2.29pm... 2094........ hmm... kinda interesting... eyes to the VIX for confirmation