1pm update - remaining weak

US equities remain moderately weak, with the sp -11pts @ 2102. Further weakness looks probable this afternoon, with a viable daily close somewhere in the 2095/90 zone.. along with VIX 15s. Metals remain weak, Gold -$9, whilst Oil is lower by a very significant -2.8%.


sp'60min

GLD, daily

Summary

*metals continue to perform especially badly considering the weak USD. Gold looks set to test the next support zone of $1170/68. If that fails to hold.. then 1150s tomorrow. I remain short Gold - via GLD, am looking to exit into the weekend.
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Well, the battle continues... current price action/structure is leaning bearish into tomorrow morning.

I am guessing we'll take out the 2099 low before the close of today.

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back at 2pm