11am update - a little interesting

US equities remain in minor chop mode, but the hourly equity/VIX cycles continue to swing increasingly in favour of the equity bears. Some distinct weakness into the monthly close remains viable. Metals are holding gains, Gold +$9.


sp'60min

VIX'60min

Summary

Hmm, its getting a little interesting.

The MACD setup is offering a bearish equity cross in about 3 hours, with the VIX offering a bullish cross in 2 hours.

Certainly, by late afternoon, there is opportunity for the market to finally break lower... not least ahead of the jobs data.

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Here in London city...

Its reasonable... :)

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time to cook