Thursday 19 July 2018

No wool for us!

US equity indexes closed moderately mixed, sp -11pts (0.4%) at 2804. The two leaders - Trans/R2K, settled +0.4% and +0.6% respectively. Near term outlook offers an opex settlement around 2805, with minimum technical necessity of 2768.




Equities opened moderately weak, but then resumed back into micro chop mode. The closing hour saw another fractional break of soft rising support. VIX remains relatively subdued. Once opex is out of the way, a cooling wave to sp'2768 with VIX 14s is due.

Dr Amp...

Bullish silent running drapes.

Goodnight from London