1pm update - hourly cycle rolling over

US equities remain in minor chop mode, sp +2pts @ 2026. The hourly MACD cycle is starting to roll over, but being opex... there is little reason to expect anything of significance before the close. VIX is holding broadly flat in the low 16s.


sp'60min

Summary

Little to add... on what is a sleepy Friday
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notable strength: GE

Nothing bearish there... the highest level since April 2008.
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