sp'daily5
VIX'daily3
Summary
US equities opened moderately higher, and built significant gains into the early afternoon to 2891, just 3pts shy of tagging the Wednesday opening gap. The closing hour saw pretty standard opex chop.
Volatility was naturally ground lower, with the VIX settling -12.8% at 18.47. The s/t cyclical setup favours the equity bears to sp'2860/50s with VIX 19/20.
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Goodnight from London
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