US equities are continuing to unravel, with the double floor of sp'2072 set to be broken. After that... the overnight futures low of 2060.. and then core support at the rising 200dma of 2053. Sustained action <2050 looks unlikely in the current cycle.
sp'daily5
VIX'weekly
Summary
*I highlight the VIX weekly.. since with the break >17... the next resistance is not until the 20/21 zone.
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Interesting day.. but all things considered, these are still not the degree of declines that some of the bears could have justifiably been seeking today.
The market will remain under high pressure tomorrow and all the way into next week... there is such a high level of uncertainty in the immediate term.
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Notable weakness: USD -0.3% in the DXY 95.10s....
strength: TLT +1.9%... as bond yields naturally fall..