Battling to bounce

US equity indexes closed moderately mixed, sp +4pts at 2348 (intra low 2336). The two leaders - Trans/R2K, settled +0.6% and -0.1% respectively. VIX settled +2.7% at 12.81. Near term outlook offers high threat of a test of the 50dma.. which will soon be around 2330.


sp'daily5

VIX'daily3

Summary

Equities: an intra low of 2336, but then a rather typical latter day recovery, with a minor gain. There is huge overhead resistance within the 2380/90 zone. It seems very viable that the market could see another wave lower to test the rising 50dma, before a realistic opportunity to break/clear >2390.

VIX: The print of 13.16 was actually seen in pre-market. Stockcharts (and I guess most other charting software) now generally include pre-market, and the 15mins of AH price action, as part of each daily candle. In any case... the VIX is still reflective of a broadly confident capital market.

*for some extra charts/chatter later this evening, see https://twitter.com/permabear_uk

Goodnight from London
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