sp'daily5
VIX'daily3
Summary
US equities began the day on a moderately positive note, with the sp' breaking above the double top of 2742. From an early high of 2749, the sp' then traded in micro chop mode. Meanwhile, the R2K notably broke yet another new historic high.
Volatility naturally opened weak to the low 13s, fully filling a gap from last Monday, and settling in the mid 12s. The s/t setup for Tuesday leans to the equity bears, sp'2718 might equate to VIX 15/16s.
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