US equities remain very unstable, with the SPX swinging from around +160pts to -110pts, and currently -42pts. VIX remains high in the 48s. USD is +0.5% to 103.29
sp’60min
VIX’60min
Summary
Ongoing price action is supportive of a floor building phase, which could be expected to span a few days.
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notable stock: AMD
Lower by -2.8%, but that is another one with a reversal candle.
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notable Dow component: HD
Coming within $3 of the H/S target.
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notable semicon: INTC
Buyers appearing from the mid $18s
S/t bullish. M/t bearish to the $13s by Oct’
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notable miner: FCX
A pretty good upside reversal, with copper recovering from $4.03 to 4.23.