10am update - opening shaky gains

US equities open moderately higher, but price action is already a little shaky, with indexes vulnerable to turning red. A break below the Friday low of sp'2052 looks a given this week.. which should open up 2040 - with VIX 18s. Metals are starting to cool from initial gains, with the miners now marginally negative.


sp'60min

VIX'60min

Summary

*a new month... and the monthly index charts are looking rather interesting indeed... but more on that later.
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Note the opening black-fail candle for the sp'500.... with VIX reversing back upward.

So... its choppy... with the bigger daily/weekly cycles increasingly leaning weak.

A net daily decline looks viable, but next opp' for sig' downside will be tomorrow.

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notable weakness... STX, daily

The horror continues, for what remains a superb tech' hardware manufacturer.