US equities opened moderately weak (pressured via Asian/EU markets), but the bears were even weaker than usual, with some indexes turning positive in the 10am hour. The rest of the day was rather tedious micro chop.
The VIX saw a pre-market high of 12.18, notably 0.01pts below last week's cash market high. The 9/8s appear probable into next week's Thanksgiving break. Indeed, with a holiday break on the horizon, the market will be inclined for a great deal more of what we saw today. Clearly, underlying price pressure is still to the upside, and the 2600s are absolutely viable by next Wed/Friday.
As the fed might say... transient grey gloom rolling in, to conclude a rather cold November's day in London.
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Goodnight from London
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