1pm update - tedious Tuesday

Equities remain seeing minor weak chop, with the sp' battling to re-take the 2100 threshold. VIX is showing no concern, having cooled to 12.59. Metals have turned fractionally higher, Gold +$1. Oil is re-building gains of 0.7%.. ahead of the next inventory reports.


sp'60min

Summary

The broad rally from the double low of sp'2040/39 continues.. there is effectively zero hope of sustained trading under the retrace low of sp'2085.

It would seem to be just a case of when the sp'2120s are hit... not if.
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Notable weakness, BAC -0.4%...

 ...getting a little close to breaking soft support. As for the key $18 threshold, that looks well out of range for some months.