11am update - more exciting than the current price action

US equity indexes remain in minor chop mode. As of today's close, equity bears need <sp'2055 to break the rising trend. Considering the current price action, that looks out of range today. VIX remains broadly subdued, +7%, but still only in the low 14s.


sp'daily5

VIX'daily3

Summary

Little to add.

Market looks tired, but for the moment, there is no reason why prices are going to see a sustained/significant retrace.

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For those entirely bored... I suggest you pick a marble.. and watch full screen.



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time to cook

back at 12pm