A very mixed week

US equity indexes closed moderately mixed, sp +3pts at 2441. The two leaders - Trans/R2K, settled higher by 0.9% and 0.1% respectively. VIX settled -3.3% at 15.51. Prime target of sp'2435 still needs to be hit during normal trading hours, and will be due on Monday, before high threat of another big push upward.


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