Midweek weak chop

US equity indexes closed a little mixed, sp -5pts (0.2%) at 2879. Nasdaq comp' -0.4%. The two leaders - Trans/R2K, settled +0.5% and u/c respectively. Near term outlook offers Thursday choppy upside, with some viable drama on Friday.

sp'daily5

VIX'daily3

Summary

US equities opened in minor chop mode. Price action remained pretty subdued, but leaning on the weaker side.

Volatility itself was subdued, with the VIX settling -0.5% at 15.91. The s/t cyclical setup favours the bulls on Thursday, and any 'drama', can be put back to Friday.

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Goodnight from London
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