A September Breeze Replaces The Storms Of August For Equity Markets

Finally to the ES (S&P 500) which paints a similar picture to the NQ, with two down days drawing in the buyers, before yesterday’s wide spread up candle testing the 3,000 level, and the minor price resistance which is immediately ahead and denoted with the red dashed line. Here too we have sustained volume on the volume point of control histogram, so plenty of volume will be required to drive this and the other markets through to their recent respective highs and out into new high ground in due course as a gentle September breeze replaces the storms of August.

And all of this is reflected in the VIX which continues to slide lower, down to 14.62 at the time of writing, and with plenty of clearance before it plumbs the lows of single figures.

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