US equities remain choppy, as the market is struggling to find an excuse for renewed significant upside. VIX is churning the 25/26s, as volatility could be expected to remain at least >24 ahead of the election. The USD remains a little weak, helping pressure upward WTIC and gold/silver.
sp’60min
VIX’60min
Summary
For now… its all moderate chop. Next support is the lower hourly bollinger, currently around 3470. That appears a threat… this afternoon… or a more viable Thursday, with Friday OPEX inclined for broad chop.
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notable bond ETF: TLT
Yields are a little cooler, but it remains… broad chop.
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notable weakness: BAC
Another failure from the 200dma… much like JPM. Yellow gap is clearly a high threat. Print Central has a great deal to answer for… when it comes to the US banks, esp’ BAC, C, and WFC.
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notable weakness: F
Ford is sig’ lower as yesterday’s black candle – from around key price threshold, has played out.