US equities remain broadly lower, with the sp' set for the third consecutive daily decline. USD continues to cool, now lower by a rather significant -1.2% in the DXY 97.20s. Metals are back to u/c. Oil is holding -1.0%, having utterly failed to hold the morning gain of >3.0%.
It sure feels a long way up since the 'bullish sunshine' of high around 11am.
Its been a pretty wild day...
The VIX is offering a baby bull flag right now... and considering the break of the sp'2042 low.. there is threat renewed equity weakness into the close.
With a clear reversal from 2080... it has been a day for the bears.
notable weakness.. AAPL -2.5%
.. and I've not even covered the Transports today.... -0.6%.. breaking another cycle low in the 7500s.
3.30pm.. Well, we've got a little rally.. .sp'2048.. but still.. even the 2050s won't do enough to negate the damage done.
The door is open for further weakness into next week... until 2080 is broken.. and HELD above.
Oil -0.6%... off the lows... but massively under the earlier gain of 3%.