12pm update - new cycle lows

The equity gains were clearly shaky from the open, and we have already seen indexes turn negative, with a new cycle low of sp'1932. VIX is battling to turn positive, currently in the low 24s. Metals are weak, Gold -$5. Oil is struggling, -0.9% around the $33.00 threshold.


sp'daily5

VIX'daily3

Summary

*I'm trying not to get lost in the minor noise, as the bigger daily, weekly, and monthly cycles are absolutely clear of where we are headed into the spring/early summer.

Price action is similarly clear... rallies ARE being sold into.
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Not much else to add. The closing hour will be rather important... and regardless of the exact close, we're still set for net weekly declines of around -5%.. which is a massive achievement for the equity bears to begin the year.

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VIX update from Mr T



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time for lunch :)