12pm update - chop chop

US equities are increasingly choppy, with the sp' currently stuck in the 2050s. Whilst the USD is +0.4% in the DXY 97.80s, metals are broadly flat. There remains notable weakness in the Oil market, -0.8%.. with WTIC having broken a new multi-year low of $36.52.


sp'60min

VIX'60min

Summary

*relative to equities, VIX is holding up rather well. Price structure is arguably a bull flag.
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After yesterday's wild price action.. today is relatively dull.

It remains very viable that we'll now be stuck between 2080/2036 until the FOMC announcement next Wednesday.
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notable gains in energy stocks

APA +2.3%
APC +1.3%
RIG +0.6^

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VIX update from Mr T.



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time for tea