*closing hour action: micro chop, leaning a touch weak.
... another day where the market ground out another tranche of equity bears... with a new multi-month high of sp'2087.. a level most (myself included) thought out of range a mere month ago.
To have any confidence.. equity bears need a daily close <2050 next week. From there... 2020/10s - with VIX 17/18s, but that really looks a tough challenge,
*once opex is out of the way.. there will be ten trading days left of the month.
more later... on the VIX