sp'daily5
VIX'daily3
Summary
It was a day of minor chop for US equities. This was natural, as the smaller 60/15min cycles were on the high side, whilst at the same time, the bigger daily cycle, is seeing price momentum swing back to the equity bulls. The remainder of the week/month can be expected to be mostly 'more of the same'.
Market volatility remains very subdued, with the VIX settling net lower for a third consecutive day. It was particularly notable in early morning that with sp' -5pts, the VIX had already turned fractionally red! The key 20 threshold looks out of range until at least late April.
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Here in London city...
Moody skies as the sun sets on the UK being part of the EU. In many ways though, I don't expect that much to change, as the political/societal elite never wanted to leave anyway. For some though, the removal of the right to live and work in other parts of Europe will be a truly great loss.
Goodnight from London
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