US equity indexes mostly closed broadly lower, SPX -29pts (0.8%) at 3672. Nasdaq comp' -1.9%. Dow -0.4%. The Transports settled +0.2%.
sp'daily5
VIX'daily3
Summary
US equities opened in minor chop mode, with the SPX leaning upward to print a new historic high of 3712. From there... the market reversed, with significant weakness into the late afternoon.
Meanwhile...
As a fair number recognise, such presidential tweets can sometimes be contrarian indicators, and that was certainly the case today.
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The late afternoon saw the SPX print 3660, with considerable chop into the close. Today's settlement under yesterday's low of 3678 makes for a bearish engulfing candle, which leans distinctly bearish (equities) for Thursday.
Volatility picked up, the VIX settling +7.7% to 22.27, which made for a bullish engulfing daily candle, and leans s/t bullish (volatility) for Thursday.
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Goodnight
from London
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