1pm update - rolling over

US equities appear in the early phase of a rollover... with viable downside into the Thursday/weekly close.VIX is reflective of at least some continued market concern, back into the 17s.. having spiked from a morning low of 15.65. Oil continues to slide, -3.2%.. as supply is simply too high.


sp'60min

sp'daily5

Summary

*daily cycle is more indicative of the failed rally today - a clear spiky top, a net daily decline would offer clarity that the 2050s will be tested tomorrow.
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So.. early high of 2082.. and we're already back to 2070...  a daily close in the 2060s looks rather probable.. with VIX 18s.

There is little reason why we won't see at least some selling into today's close.. and across tomorrow.. as the Greek drama continues to unsettle a fair few.
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notable weakness: coal miners, BTU -24.7%.. simple... horror

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back at 2pm