US equity indexes closed very significantly lower, sp -78pts (2.4%) at 3236. Nasdaq comp' -3.0%. Dow -1.9%. The Transports settled -1.1%.
sp'daily5
VIX'daily3
Summary
US equities opened on a positive note, but all the bulls could muster was sp'3323. From there, price slid into the mid afternoon, and spiraling into the close. For the bulls... it was a major midweek failure, and a reminder that the market remains s/t broken from 3588.
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It was just another day for the CEO of Print Central - Powell |
Volatility picked up, the VIX settling +6.4% to 28.58. Tomorrow is a Thursday, and that will inherently favour the equity bears, as a test of m/t rising supports - around 3100, is very much on the menu.
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