sp'daily5
VIX'daily3
Summary
US equities opened moderately higher, and it was arguably just a standard case of window dressing for end month/quarter/half. The closing hour was rather ugly, resulting in a black-fail candle. The s/t cyclical setup for Monday strongly favours the equity bears, although I don't see the Thursday low being taken out.
Volatility was mostly subdued, but climbed into the weekend, with the VIX settling in the low 16s.
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Goodnight from London
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