The week began on a somewhat positive note. Whilst there weren't many buyers, there were fewer sellers, and price action was mostly leaning positive. Its notable the 'old leader' - Transports, broke a new historic high of 11576 Volatility was subdued, with the VIX melting to the low 14s.
Bonus chart: China, monthly
China saw an overnight decline of -1.2%, which takes the net monthly change to -2.0%. For now, there is zero sign of a floor/turn.... as the communists don't seem to care.
|13 days until Autumn|
Extra charts in AH (usually around 7pm EDT) @ https://twitter.com/permabear_uk
Goodnight from London
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