US equities opened moderately weak, but saw a significant upward swing to moderate gains, as it was reported the US would delay tariffs on EU auto imports. The afternoon saw a high of 2858, just 6pts above yesterday's high. The closing hour saw some subtle cooling, as some bulls are still too twitchy to hold overnight.
Volatility saw an opening high of 19.15, then cooled to the 16s, and settling -9.0% at 16.44.The s/t cyclical setup will favour the equity bears... not least on a Thursday.
|Koreans to the moon?|
|12c/53f, sunny... but it sure ain't warm.|
Extra charts in AH (usually around 7pm EDT) @ https://twitter.com/permabear_uk
Goodnight from London
If you value my work, subscribe to my intraday service.
For details and the latest offers, see: permabeardoomster.com