sp'daily5
VIX'daily3
Summary
US equities opened a little higher, and battled upward to 2623, and then went into chop mode.. which continued into the afternoon.
Volatility broke a new cycle low of 17.76, but settled +2.4% at 19.04. S/t outlook offers a key top within the 2620/50 zone, and then swinging powerfully lower. In theory, minimum downside target has to be the 2474/47 zone.
Meanwhile, It was another day of political turmoil within the UK.
Post vote... the UK House of Commons |
As things are, it would seem that BREXIT (scheduled March 29th) will be delayed, regardless of whether there is a general election before end March or not
Finally, it still would appear that Corbyn - leader of the Labour Party, appears on track to be the next PM... whenever the next election might be.
... and thats all I've got to say about that.
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Goodnight from London
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