Thursday 27 June 2019

Choppy gains

US equity indexes closed broadly higher, sp +11pts (0.4%) at 2924. Nasdaq comp' +0.7%. The two leaders - Trans/R2K, settled +1.3% and +1.9% respectively. S/t price structure leans to the bears, with basic target of sp'2850/40s.




US equities opened on a positive note, although the gains were once again pretty shaky. Equities leaned back upward into the mid afternoon with a high of 2929, and settling +11pts to 2924.

Volatility was subdued, with the VIX settling -2.4% at 15.82. Friday is end month, Q2, and H1, expect far higher volume as the big money re-position for July/Q3/H2 ! S/t price structure is a bear flag, and it threatens a break under the 2900 threshold. That is clearly more viable next Monday, after the G20 is out of the way.

Departing London, still part of the EU

A moment of peace
Extra charts in AH (usually around 7pm EDT) @

Goodnight from London
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