sp'daily5
VIX'daily3
Summary
US equities opened in minor chop mode, although it was still enough to see the Dow break a new historic high. The market turned moderately lower in the lunchtime hour, as Trump again threatened to increase tariffs on Chinese goods. The afternoon saw a minor recovery, but still settling on a weak note.
Volatility remained subdued, with the VIX settling +1.4% at 12.86. Whilst the s/t cyclical setup will favour the bulls on Wednesday, Thursday should lean to the bears.
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| Sunset ahead of a lunar eclipse |
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Goodnight from London
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