Thursday 24 September 2020

Lower high, Lower Low

US equity indexes closed a little higher, sp +9pts (0.3%) at 3246. Nasdaq comp' +0.4%. Dow +0.2%. The Transports settled +0.2%.

sp'daily5

 


VIX'daily3

 


Summary

US equities opened on a weak note, with the SPX printing a new cycle low of 3209. The rest of the day saw considerable chop, ending on a marginally positive note.

Volatility saw an early high of 30.49, with the VIX cooling back to settle -0.2% to 28.51.

Despite today's gains, today made for a lower high and a lower low, as prime target of around sp'3100 remains on track.  

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10c/50f - Day'3 of Autumn

 

Full moon is Oct'1st

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Goodnight from London

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