11am update - minor chop

US equities are seeing some minor chop, with a probable high of day at sp'2115. VIX is broadly flat in the low 13s. Daily MACD cycles are swinging in favour of the equity bears, a very significant equity down day looks probable.. tomorrow.. or more likely... next Monday.


sp'daily5

VIX'daily3

Summary

I am trying to not get lost in the minor noise.. and for this hour.. a reminder of the daily charts.

At current rate, we should see a more significant move within the next day or two.
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notable weakness: NFLX -3% @ $658... the 706 high now looks a long way up.

strength: INTC, +0.9% @ $32.20...  price structure remains a large bear flag though... and I remain short.