sp'daily5
VIX'daily3
Summary
US equities were a little weak in pre-market, but weak CPI data was the old excuse of 'no rate hikes = bullish', and the market opened a little higher. From there, a great deal of minor chop, leaning upward into the afternoon. There was a notable swing lower from 2.15pm, but (surprisingly), none of the indexes broke a new intraday low.
It is notable that the sp' settled with a black-fail candle. Those certainly lean to the bears, and we are still yet to hit at least the upper end of the 2435/25 gap zone.
Market volatility was choppy, but remained elevated. The Friday close of 15.51, was the highest weekly close since late Oct'2016.
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A very mixed week...
sp'weekly
A new historic high of 2490.87 on Tuesday, but swinging lower to 2437.75 on mainstream bearish market chatter, and the geo-political war talk between Trump and NK.
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| Moody skies to end the week |
Extra charts in AH @ https://twitter.com/permabear_uk
Goodnight from London
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*the weekend post will appear Sat'12pm, and will detail the US monthly indexes