12pm update - minor swings... under resistance

US equities are seeing minor chop... but remaining firmly under key resistance of sp'2088/89. VIX is yet to show any upside power, -4% @ 14.11, with first upside target remaining 17.19. Oil remains sharply lower, -4.3%, as the market is reminded of the oversupply ssue. Metals are weak, Gold -$5


sp'60min

VIX'60min

Summary

It remains a choppy mess.. but  bears do have the edge right now.

A daily close under the 50dma of 2074 would be 'useful', along with Oil -5% or so.
--

VIX update from Mr T.


--
time for lunch


12.28pm.. Oil continues to slide, -4.8%..... remaining on track.

notable weakness, coal miners, ACI -8%... most others -2% or so.