2pm update - a touch of cooling

US equities are starting to show upside exhaustion, having seen a viable cycle peak of sp'2058 - with VIX 15.38. Were it not for opex.. the probability of increasing weakness into the weekend would be rather significant. As it is, a weekly close in the 2055/45 zone looks likely.


sp'60min

VIX'60min

Summary

So... two hours to go.. and its a case of whether we see a minor net weekly gain... or a fractional net weekly decline. The dividing line is 2046.61.
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Here in London city... ending the week with some goldilocks sunshine...

Bearish shadow

Bullish sunshine

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back at 3pm