sp'daily5
VIX'daily3
Summary
US equities opened on a positive note, with the SPX breaking a new multi-month high of 2918, a mere 22pts (0.75%) shy of the Sept'2018 historic high. This was reflected in the VIX which printed 11.03 in pre-market, and 11.78 in the opening minutes.
There was a clear opening reversal though, with a black 30/60min candle in equities, with a hollow-red reversal in the VIX. The afternoon saw further equity chop, but mostly leaning on the weaker side, with VIX settling +3.4% at 12.60.
Bearish setup into Easter
The s/t cyclical setup into the Easter-holiday break is bearish. We're due a (daily cycle) bearish macd cross in equities, with a corresponding bullish macd cross due in the VIX. Thursday does inherently favour the bears, and with Pinterest (PINS) and Zoom (ZM) set to list, it should be a pretty interesting end to the short week.
A sidenote...
Whilst the UK Govt' are completely unable (or rather, unwilling) to proceed with BREXIT, they are soon to implement the height of conservative censorship/monitoring measures....
see: https://www.bbc.co.uk/news/technology-47960775
It is the case that any such databases will be vulnerable, and offer haxxors opportunity to expose what certain individuals are watching online. How about we start with what sites PM Teresa May likes to visit/participate in?
Whilst VPNs are currently still legal (at least for another few years), the UK clearly isn't that far away from having some kind of internet 'great wall', as is the case in communist China. Ohh, and if you think such government oversight of the internet is a good thing, you're at the wrong blog.
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| Flight 666 coming hot, just south of sunspot 2738 |
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| Summer warmth is due for the Easter break |
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| Full moon... this 'Good Friday'. |
Extra charts in AH (usually around 7pm EDT) @ https://twitter.com/permabear_uk
Goodnight from London
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