US equities break another new intra low.. to sp'2049.. with VIX 16.91. The declines are 'interesting'.. but hourly cycles are set to turn upward into the close... with viable upside across Wed/Thursday. Metals remain broadly weak. Gold -$6.. set to break a multi-year low (<$1130) in the days ahead.
sp'60min
VIX'60min
Summary
Suffice to say....
Interesting declines, but overall... today very likely makes for a cycle low.. along with a VIX high.
Unlike some.. I do not see sp'2k within range... nor VIX 20s.
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Notable strength: TSLA +1.2%
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time for lunch!
