11am update - stuck at resistance

US equities remain moderately higher, but price action is increasingly choppy, with the sp'500 clearly stuck at resistance in the low 2060s. With only a minor net weekly surplus, Oil is holding moderate gains. Metals remain weak, Gold -$1, with Silver -0.6%.


sp'60min

VIX'60min

Summary

Hourly equity MACD (blue bar histogram) cycle continues to tick lower, and there remains threat of the sp'2030s this afternoon... the FOMC minutes would be a natural excuse.

The next up cycle in the VIX is threatening a break back above the 20 threshold, but that sure doesn't mean we'll break <sp'2019.

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notable strength: NFLX

Significantly higher for the third consecutive day, as Jessica Jones is another day closer.
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11.16am... .. and resistance breaks.. sp'2064... new intra high.. clear break of trend.

There is a clear gap zone around 2077/80.