11am update - continued messy chop

US equities remain moderately mixed, having slipped from an opening high of sp'2109 to 2098. VIX is not showing any concern though, and renewed upside looks due for a second consecutive daily gain. Metals are holding minor gains, Gold +$2.. but set to resume lower this week.


sp'60min

sp'daily5

Summary

Little to add.

Any equity bears getting overly excited at the opening reversal are battling the bigger cycles that remain outright bullish.

... same as usual.
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back later.