Tuesday 2 February 2021

Bounce day two

US equity indexes closed very significantly higher, SPX +52pts (1.4%) at 3826. Nasdaq comp' +1.6%. Dow +1.6%. The Transports settled +2.2%.

sp'daily5

 


VIX'daily3

 


Summary

US equities opened on a positive note, and built very significant gains into the early afternoon. The SPX printed 3843, before some distinct closing hour cooling to settle at 3826.

Volatility was ground lower to 25.31, before recovering to settle -15.5% to 25.56. Last week's bearish engulfing weekly SPX candle threatens broader downside to 3600/3580.

Meanwhile... at SpaceX in Texas...

It still counts as a landing


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Golden sunshine


Extra charts in AH (usually around 5pm EST) @ https://twitter.com/Trading_Sunset

Goodnight from London
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