sp'daily5
VIX'daily3
Summary
US equities opened moderately higher, and built gains into the early afternoon. The spx saw a high of 2672, just 3pts below last Friday's high. S/t price structure does make for a marginal double top.
Volatility was ground lower into the weekend, with the VIX settling in the mid 17s. S/t outlook for the remaining four days of January offers an equity swing lower, if only to test/challenge this week's low of sp'2612.
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| Mr Market is arguably flying on vapour fumes |
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| Next week will likely have less sunshine, rainbows, and unicorns |
Extra charts in AH (usually around 7pm EST) @ https://twitter.com/permabear_uk
Goodnight from London
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