sp'daily5
VIX'daily3
Summary
US equities opened a little weak, and saw minor chop into the FOMC announcement. The late afternoon saw a distinct cooling wave, as s/t price momentum now favours the bears.
Volatility saw a new cycle low of 16.09, but then swung upward, settling +2.2% at 16.72. S/t outlook offers equity cooling, with the VIX set to at least test the key 20 threshold.
--
Meanwhile... (full screen recommended!)
NASA continues to make reasonable progress with the Orion, as part of the SLS program. However, when you consider that SpaceX are re-using their launch vehicles, it makes the SLS program look grossly outdated. see: https://en.wikipedia.org/wiki/Space_Launch_System
Reading around, I see many within the industry believe that we'll likely only see 3 or 4 SLS vehicles ever launched, not least once the SpaceX BFR is launching on a regular basis.
--
--
Extra charts in AH (usually around 7pm EST) @ https://twitter.com/permabear_uk
Goodnight from London
--
If you value my work, subscribe to me.
For details: https://permabeardoomster.blogspot.co.uk/p/subscriptions.html
