sp'daily5
VIX'daily3
Summary
US equities opened moderately higher to sp'2940, but then went into cooling mode, seeing a late morning low of 2913, before clawing back upward.The afternoon saw further chop, leaning on the weaker side.
Meanwhile, the US president issued another triple tweet swipe at the Fed..
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Volatility was notable resilient into the holiday weekend, with the VIX settling +6.1% to 18.98. Today's settling black equity candle at key resistance merits some reflection.
SPX, monthly
August settled net lower by -53pts (1.8%) to 2926. The SPX settled a considerable 113pts above the key 10MA of 2813. The m/t bullish trend that began from the Dec'2018 low, remains intact. Things only turn interesting with a break >2960 (to be decisive), or <2822.
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| The London Parakeets |
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| The sun sets on August trading |
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Goodnight from London
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