2pm update - the chop continues

US equity indexes are moderately mixed, with the sp -1pt, whilst the Dow is +49pts. VIX is +3% in the mid 17s. The key 20 threshold looks out of range until at least the ECB this Thursday. Metals are choppy, Gold +$5.. having briefly turned negative.


GLD, daily2

USO, daily2

Summary

Little to add.. on what is a quiet day.... tomorrow will likely be quieter..  and such light conditions favour the bulls.. via algo-bot upside melt.

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*I am aware, the infamous Gartman is lightening up on the long side.. so.. that probably confirms we're headed for 2020/40 zone into the FOMC.
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back at 3pm