US equities started the week on a broadly weak note, but the bears couldn't muster anything significant, and the day consisted mostly of minor chop.
Volatility saw the low 20s, but then melted back lower, settling moderately higher in the low 19s. The s/t cyclical setup favours the equity bulls for another day or two. Clearly though, the bulk of the bounce from sp'2346 is complete, as even the mainstream cheerleaders recognise.
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Goodnight from London
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