US equities remain moderately weak, sp -6pts @ 1913 .. a long ways below the overnight futures high of 1940. VIX continues to show a total lack of concern.. but the 27s look very viable tomorrow.. on a move back toward the Aug' low of 1867. A brief break - forming a marginally lower low in the 1850s appears possible.
*will adjust 15min chart if we trade >1916, but it does look we've maxed out around the typical turn of 2.30pm
Considering the borderline horror of seeing the ES offering the equiv' of sp'1940 overnight... the fact we've already hit 1900 today is some relief.
The hourly equity (and even VIX) cycles are offering increasing weakness into the weekend.
The bigger weekly/monthly cycles continue to increasingly negate all bounces.
From ET.. of Iceland
back at the close