Friday 29 June 2018

End month window dressing

US equity indexes closed a little mixed, sp +2pts (0.1%) at 2718. The two leaders - Trans/R2K, settled +0.3% and -0.1% respectively. VIX settled -4.5% at 16.09. Near term outlook offers Monday weakness, but the Thurs' low of 2691 looks pretty secure.




US equities opened moderately higher, and it was arguably just a standard case of window dressing for end month/quarter/half. The closing hour was rather ugly, resulting in a black-fail candle. The s/t cyclical setup for Monday strongly favours the equity bears, although I don't see the Thursday low being taken out.

Volatility was mostly subdued, but climbed into the weekend, with the VIX settling in the low 16s.

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

Goodnight from London
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