11am update - bearish sunshine to end the week

US equities are clearly struggling, as the underlying weakness - that began from Tue' Dec'29th (sp'2081) remains. The bigger weekly/monthly cycles are quite clear, we're headed broadly lower. VIX is battling upward from an opening low of 22.48. Oil is back on the slide, -0.6% in the low $33s.


sp'60min

VIX'60min

Summary

*note the opening VIX candle.. of the red reversal doji type, at the top of yesterdays price gap.

A break above the Dec' 14th high of 26.81 won't be easy, and it would seem might need <1900.
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So.. we were higher by almost 30pts in pre-market to around 1975... but we're now almost flat... and the threat of renewed weakness into the weekend is very high.

It should be clear, rallies ARE being sold into.

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Meanwhile... here in London city..

A very sunny week for the equity doomer bears

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time to cook :)
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11.29am.. New cycle low.... as the selling resumes.

Interesting day.. with a swing from pre-market 1975 (approx) to 1937.. almost a full 2%.

A weekly close <1920 would make things real interesting.