US equities opened a little higher, swung moderately lower, but by early afternoon were back to fractionally positive. It certainly didn't rank as exciting.
Cyclically, the short term setup favours the equity bears, especially via the more important weekly cycle. A daily close <sp'2400 looks a stretch this week, but a move <2405 looks more viable than a break to new historic highs (>2453).
Market volatility was choppy, seeing an early high of 12.03, but settling in the low 11s. Any equity break <2400 should see VIX jump to at least match the recent high of 15.16. If sp'2350/40s, then the key 20 threshold will be briefly viable.
|Moon rise... 2.20pm EST|
As ever, extra charts in AH @ https://twitter.com/permabear_uk
Goodnight from London