sp'daily5
VIX'daily3
Summary
It was an especially sleepy day in equity land, with the sp' seeing a trading range just 6pts wide.
VIX opened with a flash print spiky low of 10.93 - the lowest level since Aug'2015. Despite some moderate equity weakness, the VIX still closed lower, for a fifth consecutive day - the worse run since mid October. A sporadic jump to the 12/13s is possible before the three day Christmas break. Certainly though, the key 20 threshold looks out of range for at least another month.
--
My home market of the UK...
FTSE 100, monthly, 20yr
The FTSE is currently trading above multi-decade resistance of 7k. Any Dec', or Jan' close >7K would be exceptionally bullish, and bode for 8k by late spring. Things only turn bearish with another 1 or 2 months of repeated failures to break/hold 7K.
--
Today was the winter solstice...
... the long march toward summer 2017 can begin :) Thats bullish, right?
Goodnight from London