10am update - morning washout

US equities look set to floor within the sp'1900/1895 zone this morning, before stabilising ahead of further upside next week. VIX has naturally jumped into the mid 23s, but anything much above the 24s looks out of range. Despite a weak market, the metals are cooling, Gold -$7, with Silver -0.7%.


sp'60min

VIX'60min

Summary

*the opening VIX candle should not inspire those bears who think this is the start of something significant.
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So...  opening weakness.. but in any case.. we're still set for significant net weekly gains.

Anyone who thinks we now break <1810.. really needs to go stare at a weekly chart for the rest of the month.
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notable weakness... STX

I've no idea why its lower.. other than the broader market.
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back later