12pm update - back to flat

Most US indexes are already close to flat, as the equity bears lack any sustainable downside power. With it being opex, the market is more prone to increasing chop for the rest of today. It is notable that the VIX has now turned negative, -2% in the 21.10s.. a weekly close in the 20s looks due.


sp'60min

VIX'daily3

Summary

*VIX is set for a fifth consecutive net daily decline, having cooled from 30 to the 21s. The 19/18s look a rather easy target.  If sp'2K, might that equate to VIX 16/15s?
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Little to add... on what is a rather dowdy day.

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Here in London city... the sky matches the market rather adequately...

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VIX update from Mr T.    due

*seemingly another no-show*

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time for lunch