sp'daily5
VIX'daily3
Summary
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) @ https://twitter.com/permabear_uk
Goodnight from London
--
If you value my work, subscribe to my intraday service.
For details and the latest offers, see: permabeardoomster.com
