Monday 2 October 2017

New highs to start Q4

US equity indexes closed broadly positive, sp +9pts at 2529. The two leaders - Trans/R2K, settled -0.1% and +1.2% respectively. VIX settled -0.6% at 9.45. Current price action offers zero sign of a turn, but the gap zone sp'2474/61 remains a technical necessity... just as the July 12'th one was.




US equities opened fractionally higher, and soon broke a new quintet of index historic highs. The exception (from the usual six I highlight) was the Transports, which even settled fractionally lower. Despite the ongoing bullish run fromsp' 2488, a gap fill of 2474/61 remains a basic technical necessity. Note the 50dma at 2474, and the 200dma now in the 2390s. The latter looks secure for the rest of the year.

Naturally, with equities breaking new highs, the VIX remains subdued, sustainably printing the 9s. If you hold a hyper-bullish outlook into 2018, its increasingly hard not to see the 7s at some point.

For some, there will be no more sunsets, and thats all I got to say about that.

I shall close with this...

Another part of my teen years... faded.

*as at 5.17pm EST, Twitter is ablaze with news that the original report  was 'inaccurate'.

Extra charts in AH (usually around 7pm EST) @

Goodnight from London
If you value my work, subscribe to me.

For details: