1pm update - floor looks to be in

US equities have likely floored at sp'1890, just 0.7% under the August low/200 dma. VIX is starting to confirm the floor, turning red, -2% in the 20.70s. Oil remains weak, -0.6%, but well above the opening levels.


sp'60min

Summary

It is looking rather good for a floor.

Just need a daily close >1910, which does look likely.

It doesn't mean we won't we see another few days of chop in the 1920/1890 zone, but still.... price action looks relatively calm.
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Notable weakness, DRYS, -17.6%, having cancelled a bond auction.


1.30pm.. chop chop... sp'1906....  building a floor.    VIX still red, -2%... a close <20 looks probable.