US equities continue to cool from the morning high of sp'2060, with a new intra low of 2046. A weekly close in the 2030s - with VIX 16s, appears increasingly viable.. if not probable. If that is the case, Monday should see renewed significant weakness, at least to the 200dma in the 2010s (with VIX 18s).
Little to add.
Its now merely a case of how we close the week.
What should be clear, 2075 looks increasingly secure, with a new soft high of 2060.
Lets see if we can break back into the 2030s this afternoon.
back at 2pm