US equities continue in minor chop mode... still holding a baby bull flag.. within a large ascending bearish wedge. VIX is similarly stuck within the down trend. The break levels at the close of today will be sp'2121 with VIX 12.30s. Metals remain weak, Gold -$4.
sp'60min
vix'60min
Summary
It remains tedious, and I certainly understand the disbelief amongst some bears who can't believe a 'no deal' situation is only resulting in minor declines... at least so far.
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notable reversal in NFLX... with Icahn causing some trouble as he notes on TWTR has has sold out.
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VIX update from Mr T.
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time for lunch
12.03pm. SNAP lower.... as support FAILS. VIX jumps... 12.70s... we have a provisional bearish break.. finally!
12.05pm.. There is notable discrepancy between SPY and the stated indexes.
SPY is suggesting sp -8pts... actual quoted sp'500 is -5pts
Something 'quirky' is going on...
12.10pm... huge black-fail candle on NFLX.. .set to turn negative.. having swung from 706 to 682
12.30pm.. sp'500.. back in sync with SPY.... -8pts ..
What is clear though.. we have a provisional break of trend in the sp'500... confirmed via VIX.
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