sp'daily5
VIX'daily3
Summary
US equities opened weak, and cooled to the 2900 threshold, before seeing some choppy upside into the late afternoon. The closing hour saw a classic instance of 'rats selling into the weekend', swinging from 2932 to settle -19pts (0.7%) to 2918.
Volatility picked up, with the VIX seeing a peak of 19.44, and settling +6.3% to 17.97. The s/t cyclical outlook moderately threatens a push to the sp'2943/53 gap zone, before yet another rollover. A break of the 2822 low is very much within range next week.
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| Full moon is Thurs' Aug15th |
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| Moody skies to end a turbulent week |
Extra charts in AH (usually around 7pm EDT) @ https://twitter.com/permabear_uk
Goodnight from London
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