US equities have seen a minor up wave from the earlier low of sp'2077 - with VIX 14.76. VIX remains on the climb, the 16s look a very realistic target this week... if not the 18/19s... very briefly - with sp'2040s. Metals are holding minor gains, Gold +$5, with Silver +0.1%.
sp'daily5
VIX'daily3
Summary
Suffice to add.... we sure ain't net higher right now... and the daily/weekly cycles continue to swing in favour to the equity bears.
There are some notable downside risks across this week.
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time for a late dinner.... back at 3pm
