sp'daily5
VIX'daily3
Summary
US equities opened on a positive note, helped by further Trump trade chatter. The novelty of such tweets is wearing thin on the market though, with the spx swinging from an early high of 2509 to turn fractionally negative at 2482. The afternoon saw renewed upside, settling at 2506.
Volatility cooled for a fourth consecutive day, settling in the mid 25s. There is price-cluster and gap-support in the 21/20s... which would arguably sync with the sp'2625/50 zone.
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*there will be a post on New Years day, looking back on the original outlook for 2018. My outlook for 2019 will be posted this weekend.
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Goodnight from London.. and happy new year!
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