sp'daily5
VIX'daily3
Summary
US equities opened on a moderately positive note, but the gains were shaky from the start, and despite a break of the s/t declining trend in the 12pm hour, the spx turned moderately lower in the late afternoon. The closing hour was pretty wild, settling effectively flat at 2546, making for a black-fail candle, which leans s/t bearish.
Volatility saw some swings, from a low of 23.64 to the 26.14, settling in the mid 25s.
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bonus chart: Germany, monthly
The DAX is currently -4.6% at 10740. Support at psy'10k, and then around 8k. Considering the break of l/t trend, an eventual back test of the giant 200/2007 double top looks probable. If correct, very bearish implications for other European markets. Its impossible to not see the US being adversely affected to some significant extent in 2019.
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Goodnight from London
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