Tuesday 26 June 2018

Weak bounce

US equity indexes closed moderately mixed, sp +5.99pts (0.2%) at 2723.06. The two leaders - Trans/R2K, settled -0.4% and +0.6% respectively. VIX settled 8.1% at 15.92. Near term outlook offers secondary target of the sp'2670s before the weekend/monthly settlement.




US equities opened a little higher, and saw a brief reversal to fractionally lower. The market clawed upward into mid afternoon. There was a rollover from 2732 to 2721, which really doesn't bode great for the Wednesday open.

Volatility was naturally in cooling mode, with the VIX settling in the upper 15s.

Extra charts in AH (usually around 7pm EDT) @ https://twitter.com/permabear_uk

Goodnight from London
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