sp'daily5
VIX'daily3
Summary
US equities opened very significantly higher, helped by European markets. The gains were shaky though, with the SPX maxing out at 3088, and swinging to 3003. There was a secondary ramp to 3055, but then a new intraday low of 2984 in early afternoon. The late afternoon saw another swing upward.
Volatility was itself rather wild, printing 44.16, but settling -11.5% to 36.09. Prime target are the sp'2830s, which should equate to VIX 55s or so.
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Goodnight from London
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