Thursday, 14 June 2018

Another day of mostly chop

 US equity indexes closed a little mixed, sp +6pts at 2782. The two leaders - Trans/R2K, settled +0.1% and +0.5% respectively. VIX settled -6.3% at 12.12. Near term outlook offers weakness into the weekend, with a quad-opex target of 2755, and 2718 next week.




Suffice to add, it was another day of mostly minor chop, with the sp' unable to break/hold above resistance of 2789/91. However, the Nasdaq comp' notably broke a new historic high. Volatility remained subdued, and melted to the low 12s. Near term outlook offers cooling into the weekend, and that should carry across into next week.

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

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