sp'daily5
VIX'daily3
Summary
US equities opened a little higher, turned fractionally negative by late morning, and then leaned back upward into the afternoon. The closing hour saw a failed attempt to push upward, with the market leaning on the weaker side.
Note the settling black-fail daily candle, its a subtle warning of trouble for Wednesday. Soft target is 2474/61... where the 50dma is lurking.
With equities hovering/at historic highs, volatility remains naturally on the very low side, with the VIX settling in the low 10s. If sp'2474/61, that should equate to VIX 12/13s before the weekend.
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| Murky sunset |
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