US equity indexes closed broadly weak, SPX -38pts (0.9%) at 4134. Nasdaq comp' -0.9%. Dow -0.9%. The Transports settled -0.8%.
SPX - daily5
VIX - daily3
US equities opened in minor chop mode, but battled upward to 4179, just 12pts shy of last Friday's historic high.
Then a Bloomberg headline appeared suggesting that Capital Gains Tax is set to be massively increased. Mr Market sure didn't like that, seeing a very significant swing lower to sp'4123.
There was a recovery into the close, but there is no decisive sign of a s/t floor, as Friday could easily open lower.
Volatility saw a spike on the CGT headline to 19.90, if settling +6.9% to 18.71.
|A fine spring evening|
|Next full moon Apr'26th|
|A little closer|
Extra charts in AH (usually around 5pm EST) @ https://twitter.com/Trading_Sunset
Goodnight from London
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