sp'daily5
VIX'daily3
Summary
US equities opened in minor chop mode, leaning on the positive side. The sp' managed to choppily claw to 2825, but then got stuck just under a few aspects of resistance. There was a moderate rollover into the mid afternoon, before a late afternoon (largely weak) mini ramp. The daily close leans bearish into Thursday.
Volatility continues to increase, with the VIX settling higher for the third day of four. S/t outlook offers the sp'2760s, which would likely equate to VIX 15/16s.
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