1pm update - still broadly weak

US equities remain broadly weak, with the sp' in the mid 2050s. VIX is holding moderate gains of 4%.. in the upper 15s. Metals continue to build very significant gains, Gold +$22. Oil is in hyper-ramp mode.. +5.2%, back above the $50 threshold.


sp'daily5

sp'weekly7, rainbow

Summary

*note the weekly cycle, back to an outright bearish red candle.. with a marginal break of rising trend - from the Oct' low.
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Regardless of the exact close, the Monday gains have been fully reversed.. and we're headed for a test of the 2039 low. I do not expect it to hold.
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Notable weakness, airlines, DAL/UAL, both lower by -4%