12pm update - chop chop

US equities are holding somewhat significant gains, sp +17pts @ 2064, with VIX -7% in the 18.20s. USD is a little higher, +0.2% in the DXY 96.50s. Metals are holding minor gains, Gold +$4, whilst Oil is +2.4%


sp'daily5

VIX'60min

Summary

*price structure on the smaller 15/60min cycles is arguably a bull flag... bodes for renewed upside into the 2070s this afternoon.
--

Unless the equity bears can break <2044.. along with VIX 20s - which seems unlikely, this is mere chop ahead of a break above 2075.. and straight into the 2100s.
-

notable strength, CHK +3.7%... no doubt helped by higher energy prices

BABA +3.5%... could do with China back over 4K
-

VIX update from Mr T.


--
time to rest