sp'daily5
VIX'daily3
Summary
US equities opened a little lower, saw an early minor bounce, but then news that Trump cancelled the June summit with North Korea, saw the market spiral lower.
 |
| Sad. |
However, the bad news only spooked the sp'500 to 2707, with yet another subsequent latter day recovery, to settle -0.2% at 2727. Today was day'9 of a tight trading range of 2742/01. Until we break >2742, I'm still a little suspicious the market might want to washout to the 2670s.
Volatility saw a morning high of 14.24, but then cooled for the rest of the day, even settling fractionally lower in the mid 12s.
--
Extra charts in AH (usually around 7pm EDT) @ https://twitter.com/permabear_uk
Goodnight from London
--
If you value my work, subscribe to me.
For details: https://permabeardoomster.blogspot.co.uk/p/subscriptions.html
