3pm update - it remains a bear flag

US equities break a marginal new daily low of sp'2046, although VIX has not broken above the opening (black fail candle) high of 19.28. Metals are holding gains, Gold +$6, but the 'shiny relics' look set for further sig' downside this week.


sp'60min

GLD, daily

Summary

So.. not the most exciting of days, but market looks set for the 2020s... which is certainly within range for tomorrow.

It won't take much of a 'spooky' Greek/ECB headline to give the market an excuse to retrace some of last weeks hyper-gains.
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... I remain tired... and am more than content to hold SLV (short) overnight....

back at the close