sp'daily5
VIX'daily3
Summary
US equities opened strongly higher, with the SPX breaking a new historic high of 2956, which naturally pleased the Trump...
Further, from last evening...
The US President sure does like to cite US equities as one of his key achievements.
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The opening gains from 2956 did erode though, pressured via Trump comments on Iran. The afternoon saw moderate chop, breaking a new historic high of 2958 in the closing hour, and settling on a broadly positive note.
Volatility broke a new cycle (cash-market) low of 13.91, before leaning upward to 16.03, and settling +2.9% at 14.75. The s/t cyclical setup favours the bears, with the market makers highly inclined to see price cool into the quad-opex.
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Goodnight from London
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