12pm update - cheerleader time

US equities remain in micro chop mode, leaning on the weaker side. The s/t cyclical setup favours the bears this afternoon, and into early Wednesday, when we have a wheel barrow of econ-data. VIX is showing near 100% mainstream complacency. WTIC has printed $56.66, with Gold $1403s.

sp'60min

VIX'60min

Summary

At the current rate, a bearish macd cross will be due before the close. We've six downside gaps to fill, although yes, the sixth at 2762/44, looks out of range, unless some seriously 'spooky news'. The only viable wild card for that would appear to be US/Iran.

Bond update... TNX

The 10yr has cooled to 1.98%, as the bond market continues to sound alarm bells.

Bond ETF: TLT

TLT remains broadly super strong, as yields/rates set to broadly decline into 2020.

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notable financial: BAC

Lower yields are not helping the financials.

time to check on the cheerleaders...