The absent bulls

US equity indexes closed on a weak note, sp -17pts (0.6%) at 2632. Nasdaq comp' -0.5%. Dow -0.7%. The two leaders - Trans/R2K, both settled u/c. Near term outlook is uncertain, ahead of a weekend of BREXIT related discussions/votes. November remains on track to settle outright bearish.

sp'daily5

VIX'daily3

Summary

The week ended on a slightly bearish note, as the equity bulls remained largely absent. Volatility climbed for the 3rd day of 4, with the VIX settling the week above the key 20 threshold. S/t outlook is uncertain, due to weekend issues surrounding BREXIT.
--

Bonus chart: spx, monthly

With five trading days left of the month, the spx is -79pts (2.9%) at 2632. Note the key 10MA at 2740, some 108pts higher. Its going to be very difficult for the bulls to avoid a second consecutive bearish monthly settlement.
--

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

Goodnight from London
--
If you value my work, subscribe to me.
For details: https://permabeardoomster.blogspot.co.uk/p/subscriptions.html