3pm update - borderline

US equities are set for significant net daily declines, and now it appears to be a case of whether the 'rats jump ship' into the weekly close.. or instead some kind of short-stop cascade back into the 1970s. Regardless of the exact close.. its been a rather wild week.


sp'60min

VIX'60min

Summary

*I'm tired....  thank the gods.. its almost the weekend
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So... this market continues to struggle. There are sporadic little waves higher.. but we're still seeing equal down waves.

Best guess:  renewed upside... but if we see sustained action in the 1950s next Monday, it will arguably rule out new highs next week.
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back at the close... unless something dramatic happens
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3.36pm... well.. it ain't pretty... as things are... fractional net weekly declines...  and 2020 again looks like a top from the 1867 low.

VIX +10% in the 23s... a close in the 24s would bode well for the equity bears for Monday