sp'daily5
VIX'daily3
Summary
US equities opened in micro chop mode, and that was how it remained across the day. The Dow and Nasdaq comp' did break fractional new historic highs. Market volatility remains very subdued, although the VIX did finally manage to break and hold the 10.00 threshold for the first time since Sept'26th.
Cyclically, daily price momentum is in the early phase of swinging back toward the equity bears, although at the current rate, nothing of significance can be expected for at least another 2-3 days.
Things are set liven up by this Thursday, when the first of the financials start to report.
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Goodnight from London
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