12pm update - battling to turn upward

US equity indexes are battling to build a floor from sp'2018, with VIX spiking to 21.55. Price action remains messy, but then it is quad-opex. So far... there is zero market panic, ahead of Santa next week. As things stand, the sp'500 is still set for a net weekly gain of around 0.5%.


sp'daily5

VIX'daily3

Summary

*stockcharts is having continued issues with intraday candles.. so I'll stick with daily charts until that is resolved.
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So... sp'2018.. which is 3pts under the Tuesday gap zone.

Not exactly a crash is it? No doubt those calling for a crash last week will merely push it out to next Monday.. and when that doesn't happen, they'll push it out to late January.

It truly is tiresome reading some of the nonsense out there, but then... I try to read everything I can, even from sources I don't much like.

*as of next Monday, trend support is around sp'2005. ANY price action under 2K would be a surprise, and would raise a legitimate red flag.

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VIX update from Mr T.    due




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time for tea.
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12.20pm.. new intra low.. sp'2016...  VIX 20.13

Hmm... 16pts away from causing all sorts of trouble.