Tuesday 19 June 2018

We're not there yet

US equity indexes closed rather mixed, sp -11pts (0.4%) at 2762. The two leaders - Trans/R2K, settled -1.7% and +0.1% respectively. VIX settled +8.4% at 13.35. Near term outlook offers minimum technical necessity of sp'2718.




US equities opened broadly lower on further trade/tariff concerns. A morning low of 2743, and then bounce to 2765. Today's price action merely made for yet another lower high and lower low.

VIX saw the mid 14s, but settled in the mid 13s. Near term outlook offers sp'2718, which should equate to VIX 15/16s.

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Goodnight from London
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