2pm update - hourly cycle ticking lower

US equity indexes remain positive, having seen a new cycle high of sp'2079... just 2pts shy of the Nov' high. VIX remains very subdued, -6% in the upper 13s. Metals are very mixed, Gold -$9, whilst Silver is +0.6%.


sp'60min

VIX'60min

Summary

Underlying MACD (blue bar histogram) is indeed starting to tick lower for most equity indexes. I suppose you could look to the high from March 30th, and then look for a hit of the lower hourly bollinger.

As of late Friday, the lower bol' will be around 2050... which is not much more than 1% lower than current levels.
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time for a rather late lunch