US equities opened a little weak, cooled to 2566, and then hyper spiked. The 2565/66 threshold has indeed been rather important across the last few weeks. Whilst the bulls are struggling to break into the 2600s, neither are the bears able to muster any sustained/significant downside.
Volatility climbed in the morning, with a notable higher low of 12.61, but settling in the mid 11s. The key 20 threshold looks well out of range for the rest of the year, unless things turn hot in the middle east or NK.
Extra charts in AH (usually around 7pm EST) @ https://twitter.com/permabear_uk
Goodnight from London
If you value my work, subscribe to me.
For details: https://permabeardoomster.blogspot.co.uk/p/subscriptions.htm