sp'daily5
VIX'daily3
Summary
US equities opened in chop mode, but 3362 was all the bulls could manage, before the market leaned weak, and slid to 3292 in mid afternoon. The late afternoon saw a moderate recovery, if still settling significantly lower for what was a redder than expected, quad-opex settlement.
Despite weak equities, volatility remained pretty subdued, the VIX printing 28.10, but settling -2.4% to 25.83.
Whilst the market is s/t oversold, and due a bounce next Monday, this week's settlement is pretty ugly, and has opened the door to a fuller washout to the mid 3100s, where a number of key aspects of support lay.
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| 50% filled to capacity? |
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| Departing the nation of increased lockdown restrictions |
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| The week settles |
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Goodnight from London
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