sp'daily5
VIX'daily3
Summary
US equities opened on a fractionally weak note, and saw minor chop - leaning on the weaker side, across the day. The trading range was a notably tight 6.78pts.
Market volatility remains exceptionally subdued, and its notable that the VIX broke a new HISTORIC low of 9.26 in the closing hour. Pretty incredible, as the 8s are clearly viable at any point.
Best guess remains: near term weakness to sp'2430s - with VIX 11/12s, before resuming upward.
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| Not exactly the best of summer days |
Extra charts in AH @ https://twitter.com/permabear_uk
Goodnight from London
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