US equities opened on a weak note, pressured by further Corona concerns, but also by the latest weekly jobs data. The market saw considerable chop into the mid afternoon.
There was a closing hour ramp... for no good reason, with s/t momentum turning positive. Whilst the mainstream cheerleaders attributed the reason for the ramp as due to loosening of the Volcker rule, that news/chatter was out in pre-market.
Volatility saw an early (cash market) high of 36.34, before melting lower into the mid afternoon, and getting whacked into the close, the VIX settling -4.8% to 32.22.
A majority (if marginal) of you believe June will settle above 3K.
|Summer time in the park|
|Next full moon is July 5th|
Extra charts in AH (usually around 5pm EST) @ https://twitter.com/permabear_uk
Goodnight from London
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