12pm update - battling it out

US equities remain moderately weak, as the market is battling it out around the sp'2100 threshold.. where the 50dma is also lurking. With the USD +0.6% in the DXY 97.60s, commodities remain under some pressure, Gold -$5, although Oil is now +0.2%.


sp'60min

VIX'60min

Summary

*I see that the infamous Gartman is no longer bearish. Well... there is your sell signal.
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For the equity bears its somewhat frustrating... as for now, there is no significant downside power.

Now its a case of whether we'll see some stronger downside action into the weekend/monthly close. 

The setup still favours the equity bears.

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VIX update from Mr T.


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time for lunch