US equities closed a little weak, sp -4pts @ 2048. The two leaders –
Trans/R2K, settled lower by -0.4% and -0.1% respectively. VIX managed a minor gain of 4.1% @ 15.82. Near term
outlook offers a break of the recent sp’2025 low, and that will re-open
the door to a valid H/S target of 1970/60s.
sp'daily5b
VIX, daily3
Summary
It was not exactly the most exciting start to a week, as the market saw a great deal of price chop... but was distinctly leaning weak into the close.
VIX is still broadly subdued. A move to the key 20 threshold looks due... the bigger weekly chart is offering the 24/27 zone into early June.. although I realise most would be dismissive of that kind of powerful (if brief) spike.
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Day'1.. again
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Goodnight from London
