US equities opened on a weak note, and after a late morning bounce to fill the opening gap, the afternoon saw renewed cooling.
Trump appeared in late afternoon...
... and not surprisingly, once again called for lower rates.
Volatility was itself a little choppy, but with equities leaning weak into the close, the VIX settled +3.7% at 17.50. S/t outlook favours downside to the sp'2860/50s, which should equate to VIX 20/21. An eventual break <2822 will offer a test of the June low of 2728, which might offer a VIX hyper spike >30.
|The waning moon|
Extra charts in AH (usually around 5pm EDT) @ https://twitter.com/permabear_uk
Goodnight from London
If you value my work, subscribe to my intraday service.
For details and the latest offers, see: permabeardoomster.com