12pm update - indexes set to turn positive

US equities have likely put in another marginally higher low of sp'1939, and we're set to see the main indexes turn positive this afternoon. Oil remains notably weak, -1.6%, but price structure is still a clear bull flag, and continues to offer another test of the $50 threshold next week.


sp'60min

USO, daily

Summary

*daily candle on USO is of the reversal type, and that IS a bull flag.
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Suffice to note... no change in outlook.
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VIX update from Mr P.



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Here in the city.. a somewhat murky end to the week...

Another market week coming to a close

Flying away into the weekend

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time to see what the cheerleaders are saying on clown finance TV,  ch'1 (aka, CNBC)

.. I do especially look forward to seeing how they react in about 2-3 weeks time.