Monday 14 May 2018

Short term ceiling

US equity indexes closed moderately mixed, sp +2pts (0.1%) at 2730 (intra high 2742). The two leaders - Trans/R2K, both settled -0.4%. VIX settled +2.2% at 12.93. Near term outlook offers basic downside to around sp'2700.




US equities began the week on a moderately positive note, with the sp' opening higher, and pushing to 2742. This was notably within the lower end of the 2741/52 price gap from March 19th. There was a cooling wave into the mid afternoon, filling the opening gap, and putting in a micro spike low from 2725. Note the settling black-fail candle, which leans s/t bearish.

Volatility remained subdued, but did manage the first gain in 8 days, with the VIX settling in the upper 12s.

Extra charts in AH (usually around 7pm EST) @

Goodnight from London
If you value my work, subscribe to me.
For details: