11am update - chop chop

US equities have naturally already rebounded to broadly flat. Despite being net higher for the second consecutive day, VIX remains broadly subdued in the low 13s. USD is +0.1% in the DXY 96.90s. Metals are choppy, Gold -$1, with Oil +0.6%


sp'60min

VIX'daily3

Summary

* a notable second black-fail candle on the VIX... again.. its indicative that the bears can open the market lower.. but they have no sustained downside power.
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Little to add.. on what was is probably going to remain a day of chop.

Tomorrow does offer more dynamic action though.. with CPI and the FOMC minutes.
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notable weakness: DIS -1.7% in the $107s... headed for $100...  (as is AAPL.. eventually).

*I'm intending to pick up an AAPL-short position within the next few days...    
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