2pm update - micro-moves

It looks like the hourly cycles are done, and we're way due for a down move across Tuesday and into Wednesday.


sp'daily5

Summary

So, lets see if we get a rollover, and then the issue is whether we can break the previous low of 1398. A close in the 1390s will be the target for Wed/Thursday.

Yet, in the scheme of things, these are indeed embaressingly small moves. As I noted a few weeks ago, 'most people' should turn off their screens and come back in mid-September.

Stay tuned.

1pm update - a little weakness this afternoon

A quiet day still, lets see how much the bots want to sell things off this afternoon.


sp'daily5

Summary

Seeking a broadly flat close, with a hit of 1380 no later than the Friday open.

12pm update - still seeking 1380

Market remains in slow crawl mode, I'm still looking for a flat doji close. VIX clinging onto moderate gains.


sp'daily5

Summary

Nothing much to add, a quiet day, tomorrow will likely be a lot more dynamic.

Time for lunch