12pm update - flag breaks

US equities have naturally turned from around 11am, with the sp' cooling from an early high of 1949... to 1934. VIX is showing no real concern though.. yet. Equity bears should be battling for a daily close in the 1920s, with VIX 23s.


sp'60min

VIX'daily3

Summary

*clear break on the baby bear flag. First downside target is the 1925/20 zone this afternoon.
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Little to add, on what is a tiresome day. Maybe I'm just burning out.
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VIX update from Mr T



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time for tea.

11am update - baby bear flag

US equity indexes are battling to build minor gains, with the sp +5pts @ 1948. VIX is naturally subdued, -4% in the 21s. Price structure on the hourly cycle is a clear bear flag... but it could easily drag out into late afternoon... with next sig' downside opportunity not until Thursday.


sp'60min

VIX'daily3

Summary

Little to add.

Today is a write off for those currently holding short. Its really a case of turn off your screen.. and come back tomorrow.
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back at 12pm

10am update - opening minor weakness

US equities are a little weak, but so far... no sign the bears are going to be able to muster any sig' downside power today. Daily MACD cycles are suggestive the first opportunity of an attempt to break under the key 1900 threshold will be Thursday.. but more viable.. Friday.


sp'60min

sp'daily5

Summary

*hourly 10MA will be offering key resistance in the ongoing down cycle from sp'2020
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So.. we're a little lower, but frankly, I ain't the least bit pleased.. not after overnight futures reversed.

I am not hopeful of today.... have largely written it off already.

For those looking around though.. there are a lot of opening black-fail candles..even for Gold and Oil.

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time for an early lunch... if only to take my mind off this nonsense