sp'daily5
VIX'daily3
Summary
US equities began the week on a positive note, with indexes quickly building sig' gains into late morning. Price action was pretty choppy in the afternoon though, with short term price structure of a baby bull flag. At most, the bulls look like they could manage to hit 2474, before another swing lower to at least 2454.
With equities opening higher, the VIX was duly whacked, settling in the 12s. If another swing lower to sp'2435 - as is due, the VIX should see the 15/16s... but a divergent lower high to last Friday's intra high of 16.66.
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| Ambulance for the London equity bears? |
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Goodnight from London
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