VIX' weekly2
TLT, weekly
sp'weekly6
Summary
It has been a somewhat tiring day.. so this will be short.
--
The VIX has finally managed a daily close decisively above old resistance of the mid 14s. The 17/18s look due in the near term.
TLT - US bonds are continuing to broadly rise, and that is certainly one valid bearish equity signal. The 126s look a valid target in the near term. 130s in September.
The sp'500 is flashing a red candle this week, a break to the 2050/40s looks due by end month. More severe downside looks due in September, as the sp'500 looks set to lose the giant psy' level of 2000.
--
Looking ahead
Thursday will see the usual jobs, phil fed', existing home sales, and leading indicators.
--
Goodnight from London