12pm update - normal service resumes

US equities remain moderately weak, with the sp'500 hovering around the 2060 level. VIX is holding minor gains of 3% in the upper 15s. Renewed weakness looks viable into the close.. with the first real opportunity of taking out the 2039 low... by late Thursday. Metals and Oil are both building sig' gains.


sp'60min

VIX'60min

Summary

*the inverse charts from earlier.. kinda kooky, huh?
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So.. we've broken to 2048... and a bounce to 2062. First resistance is the rapidly declining hourly 10MA... which by the close will be around 2060.

Equity bears should be content with any daily close in the 2050s.
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notable strength: miners, GDX +3.7%, as Gold +$17

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VIX update from Mr T.


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time for tea