With it being quad-opex, it was a natural day of (mostly) minor chop. I note mostly, as there was a brief upset in early afternoon, on a headline that a Chinese delegation had cancelled a visit to some farm in Montana. Seriously, did that really merit an SPX drop from 3009 to the 2984s? The late afternoon saw minor chop resume, with the SPX settling -14pts at 2992.
Volatility picked up a little, with the VIX settling +9.0% at 15.32. S/t outlook leans bearish for equities, especially from Tuesday onward.
|Another group making an escape|
|Still a touch of summer sun|
Extra charts in AH (usually around 5pm EDT) @ https://twitter.com/permabear_uk
Goodnight from London
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