Another day of mostly chop

 US equity indexes closed a little mixed, sp +6pts at 2782. The two leaders - Trans/R2K, settled +0.1% and +0.5% respectively. VIX settled -6.3% at 12.12. Near term outlook offers weakness into the weekend, with a quad-opex target of 2755, and 2718 next week.


sp'daily5

VIX'daily3

Summary

Suffice to add, it was another day of mostly minor chop, with the sp' unable to break/hold above resistance of 2789/91. However, the Nasdaq comp' notably broke a new historic high. Volatility remained subdued, and melted to the low 12s. Near term outlook offers cooling into the weekend, and that should carry across into next week.

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Goodnight from London
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