sp'daily5
VIX'daily3
Summary
US equities began the short week on a significantly negative note, with the Nasdaq leading the way lower. The afternoon saw considerable chop, with another swing lower, to break a new cycle low of 3329.
Volatility saw an early spike to the 35s, but settling in the 31s, which is subtly supportive to the notion that the s/t cyclical setup leans to the equity bulls.
Your views...
Two thirds of you remain m/t bullish, and expect 3588 to be broken above before year end.
Only 17.9% expect any price action <3K ahead of the election.
Just over half expect stim' bill 4 to get passed before the election, and that does seem probable.
A third of you expect Print Central to be buying equities before year end. To yours truly, that does not appear likely, but eventually... yes.
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| Another sunset closer to autumn |
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Goodnight from London
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