12pm update - chop chop

Equities are in minor chop mode... ahead of what will probably be a move into the sp'2070/80s. as early as the Friday close. VIX remains similarly stuck.. although did fractionally break above the Tuesday high. Metals remain weak, Gold -$7, with Silver having broken a new multi-year low.


sp'60min

GLD, daily

Summary

*metals remain within a starkly bearish down trend... the strong dollar is not helping.
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So... minor gains... but a daily close in the 2050s remains very much within range.
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VIX update from Mr T.



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time for tea... back at 1pm