US equities opened moderately higher, but the gains were shaky from the start, with the market swinging lower to 3103 by mid morning. The afternoon saw further chop, with a brief swing lower around 3pm, on yet another trade headline, this time of 'less optimistic'.
Volatility was ground lower, with the VIX settling -1.9% at 14.52. The SPX daily candle was black, and leans s/t bearish, with a mirroring hollow red reversal candle in the VIX. Friday offers some dynamic price action, not least if the market interprets bad news (jobs data) as bad news.
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Goodnight from London
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