US equity indexes closed a little higher, sp +1pt at 2444. The two leaders - Trans/R2K, settled higher by 0.2% and 0.4% respectively. VIX settled +0.3% at 11.32. Near term outlook offers prime target of sp'2462, before high probability of a key lower high into the 'delicate period' of Sept/Oct.
US equities opened fractionally higher, and then just saw minor chop across the day. Its also a little apparent that some traders are already slipping into pre-holiday mood, and that leans in favour to the bulls. A few instances of algo-bot upside melt is very probable this week.
Market volatility opened a little weak, spiked to the low 12s, but settled just a little higher. The sp'2462/68 zone should equate to VIX 10s. The 9s look a stretch, although its not like we've not seen those regularly this year!
Here in the metropolis...
The UK was largely closed today, with a late summer 'bank holiday'. Yours truly was naturally still typing, and is most certainly looking forward to Labor day next Monday :) I just wish the US had more public holidays than the UK, its one of the downsides to living/working US hours/days.
Extra charts in AH @ https://twitter.com/permabear_uk
Goodnight from London
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