$12.24 Billion in Recycle went to attempting to put a lid on the 10Yr.
Lets' see if they have any Juice left for EOD VX shove lower and the ability to continue higher.
The VIX GAP @ 19.20 needs a Fill :)
It should be choppy, as usual until the Real Price Action begins to take hold after 3PM EST.
We have another heavy Macro Data week ahead with the FOMC Minutes on Wednesday.
Again, it is clear Sellers are in command during Prime Participation RTH.
3 Days in a row of further Distribution on Low Volumes...
EPS Warnings remain absent... when there should be an endless stream of them.
Not inspiring to say the least, but...
More time is needed as there will no doubt be desperation to shove this higher... Were this to Fail... it could send us back the lows and through them.
EPS is ahead and everyone is MUM... also no bueno.
The VIX will be in ROLL to Settle.
A tantalizing melange of messiness is approaching.
There is immense importance to all of next week, it is the Week of Inflation / Confidence / Consumer
Followed by the IMF headwinds over the weekend at a time when $4.5 Trillion in Spending remains in FLUX. Reopening NYSE MONDAY IS the 18th AND US Sec. of Tres. Janet Yellen's Line in the Sand for the Fiscal Drop Dead.