3pm update - tiresome Tuesday

Despite breaking new historic highs, it has been a pretty tiresome start to the short week. Regardless of the exact close, market appears waiting for an excuse for a minor wave lower... and certainly a brief one. Metals remain weak, Gold -$20. Oil has turned higher, +1.7%... which certainly helped the market this afternoon.


vix'60min

Summary

*notable gains in the VIX... but what will be more definitive is a break... AND daily close in the 17s. Until then... its all minor noise.
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Little to add.

The rebound in Oil today.. from -2.6% to +1.7% certainly helped give the market a kick. Like the precious metals though, I don't see a key low in Oil yet.
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back at the close