US equity indexes closed rather mixed, sp +3pts (0.1%) at 2642. Dow -0.1%. The two leaders - Trans/R2K, settled +1.1% and +0.7% respectively. Near term outlook offers weakness into the weekend.
US equities opened in minor chop mode, and leaned fractionally higher into the afternoon. There was a moderate cooling wave to 2627, but then the market resumed micro chop mode... leaning back upward. It was unusually subdued for a Thursday.
Volatility settled -3.2% at 18.89. The s/t cyclical setup favours another spike in volatility. A push to VIX 25/26s is very viable within 1-2 days, along with a break <sp'2600. All it will take is just one or two pieces of 'spooky news'.
Extra charts in AH (usually around 7pm EST) @
Goodnight from London
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