sp'daily5
VIX'daily3
Summary
It was a day of minor chop, with the sp' settling effectively u/c. Volatility was naturally subdued, melting lower for a fifth day.
There is threat of a sporadic cooling wave of 2-3% to the sp'2760s, and yours truly is not the only one open to such a s/t mini washout...
In any case, the m/t trend is unquestionably bullish, with the sp' on track to hit the 2950/3047 zone as early as mid/late September. Then things might get real interesting.
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Goodnight from London
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