12pm update - similar to last Friday

US equities are holding sig' gains, with the sp +23pts @ 1907, yet the setup is similar to last Friday. With 'end month' issues due this afternoon, there is distinct threat of some cooling back under the key 1900 threshold. As things are... the sp'500 is due for a net monthly decline of -66pts (3.3%).


sp'60min

sp'monthly

Summary

Little to add.

So... a second consecutive bearish month.. but is that it? Are we now going to battle straight up to the 200dma in the 2000s?

It is a scary thought.. and the rest of today will offer a hint of whether we'll start Oct' on a down note.

*I remain short... but if we see any sustained price action much above sp'1920.. I'll likely have to close out.

--
VIX update from Mr T




--
time to cook
-

**Bonus chart**

sp'weekly6

Despite this mornings gains.. the weekly candle remains outright bearish. Something to consider.
-

12.24pm.. sp @ 1900.... which is somewhat interesting.

Frankly, considering the opening.. I'd settle for any close <1900.  A red close is now within range.. so... rest of today.. could be a little exciting.
--
notable weakness: DISCA -4%... downside follow through from yesterday... not a pretty daily chart.