US equities continued to break another trio of new index highs, with sp' 2041, Dow 17638, and Trans 9104. A retrace to the sp'1980/50 zone looks very likely, but that will likely be all the equity bears get in the remainder of the year.
sp'daily5
sp'daily3 - fib levels
Summary
Little to add, on what was a very quiet day. I've added a fib' chart, and its kinda interesting to see the 61% fib retrace at the Aug' low of 1904, but really, that looks almost impossible to hit.. its a very significant 7% lower.
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VIX daily'3
A new up wave in the VIX is way overdue... but 18/20 at most, before year end. The 30s now look an extremely long way up... and I can't believe that high will be surpassed for many months.
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Looking ahead
There is wholesale trade data (10am), but really, few will have much interest in that.
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Goodnight from London