Nothing new since yesterday, except ever more overbought DX, USDJPY and NKD.
SPX’s SMA50 is still in view, despite yesterday’s nonsensical algo-rally that created a nice little rising wedge. Keep an eye on the falling red channel, as it also offers a potential path to the SMA100 if TPTB so wish.
UPDATE: 12:30 PM
Since we reached and surpassed the SMA50, here are a few additional mileposts for any further decline:
SPX: SMA100 at 1953 or .618 Fib at 1958, and an interim target at 1965-1967
NKD: 16,095 or 16,060
10-yr: 2.495%, 124’275
VIX: 16.85 or 17.23 (but, lots of games being played here – witness the .58 candle on 1-min chart at 12:40)