US equity indexes closed a little mixed, sp -0.7pts at 2809. The two leaders - Trans/R2K, settled -0.6% and -0.4% respectively. VIX settled -1.2% at 17.40. Near term outlook offers sig' weakness to the sp'2750s, which would likely equate to VIX 22/23s.
US equities opened a little weak, and quickly spiraled down to 2781, before a powerful rebound to 2816. The late afternoon saw a lot of chop, leaning on the weaker side, with the spx settling effectively flat.
Volatility was naturally mixed, opening in the 17s, but then swinging to a high of 19.55, before cooling back, settling fractionally lower in the 17s. The daily candle is a hollow red reversal, which leans s/t bullish.
Thursday will (in theory) lean to sig' equity downside to the sp'2750s, which would likely equate to VIX 22/23s.
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Goodnight from London
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