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.
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.
Today sure was different for yours truly. After four years here, it was kinda bizarre not to be posting via blogger/google. I'm not great with change, and my mind has been spinning just trying to figure out a type of DTP software.
If you have liked my work since 2012, then subscribe to me - see HERE, where I now reside each and every trading day.
Goodnight from London