Friday 9 June 2017

Friday troubles?

US equity indexes closed moderately mixed, sp +0.6pts at 2433 (intra high 2439). The two leaders - Trans/R2K, settled u/c and +1.3% respectively. VIX settled -2.2% at 10.16. Near term outlook offers a significant Friday washout.


sp'daily5



VIX'daily3



Summary

It was a day of minor chop for the equity bulls, but with notable new historic highs in the Dow and Nasdaq comp'.

Short term price structure (hourly cycle, not shown) is offering a baby bear flag. That was actually provisionally confirmed in the 2pm hour. In theory, a washout to the 2410/00 zone, is on the menu for Friday.
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Here in the metropolis...

Moody election day skies

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As at 10.02pm UK.... 5.02pm EST, the initial exit poll suggest...



This would see May seeing her party lose an outright majority. It would be a near total disaster for the conservative party, resulting in a hung parliament. If correct, May should resign... and another election would likely be called within 6-12 months.

As ever... feel free to leave a message via Disqus.

Extra charts in AH @ https://twitter.com/permabear_uk

Goodnight from London