2pm update - holding the 1982 floor

US equities continue to see some moderate chop, with a rather probable key floor of sp'1982 - along with 'real VIX' maxing out in the 22s. Metals remain very weak, Gold -$15, with the miner ETF of GDX -2.9%. Oil remains exceptionally weak, -2.4%


sp'60min

Summary

*Bill Gross to appear on CNBC this hour... am kinda interested in that...
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Equity bears should be VERY mindful of a possible bullish MACD cross.. early tomorrow. It would likely cement sp'1982 as a cycle low.

VIX remains real twitchy.... its a wonder no one else seems to be noticing this...

VIX 5min

Endless price Spikes... major 'issues' at the CBOE I'd guess. Clearly.. a 'healthy' market, lol
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1pm update - chop chop

Equities are reverting to chop mode.. having seen a moderate bounce from sp'1982 to the high 1990s. VIX remains notably twitchy.. but on any basis, is likely at the upper end of this cycle. Metals remain weak, Gold -$15.. which is impacting the miners, GDX -2.3%


sp'60min

GDX, daily

Summary

*been such an interesting day.. I've still not cooked yet... I'm running on vapour fumes, urghhh
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Metals are looking really weak.. and I'm still of the view that metals/miners will fall into year end.
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Time to cook............. before I change my mind

12pm update - sliding to 1980... or 1950

US equities continue to slide, with the next support level at sp'1980 (38% fib retrace).. or the ultimate core of 1950 - where the 200dma is lurking. VIX remains extremely twitchy, with a brief spike 24.83.... almost fully filling the secondary gap zone of 22/25.


sp'daily3

vix'daily3

Summary

Interesting day huh?

So.. which will it be.... 1980.. or 1950.

Frankly, I did not think 1950s viably at all, but the door IS open...

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VIX update from Mr T.


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time for tea