10am update - opening declines

US equity indexes open moderately lower, with the equity bear flag and VIX bull pennant being confirmed. In theory, the market should broadly decline across today, with a viable close in the sp'2030s.. along with VIX 16s. Metals are catching a distinct fear bid, Gold +$18, and Silver +1.7%.


sp'60min

VIX'60min

Summary

*opening VIX candle is currently a problem.
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Suffice to add, an interesting open.

Now its a race. Equity bears should push hard for the sp'2030s with VIX 16s by today's close.

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notable strength... miners, GDX, daily

With the precious metals on the rise, the related mining stocks are strongly higher.. as has been the case since December.

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time to cook


10.24am.. VIX breaks above the opening black-fail candle... so.. that problem is at least resolved.

Now its a case of how we close.

Sure seems quiet out there today, anyone else awake?