US equity indexes closed very significantly lower, SPX -96pts (2.4%) at 3829. Nasdaq comp' -3.5%. Dow -1.8%. The Transports settled -1.9%.
SPX - daily5
VIX - daily3
Summary
Wednesday settled s/t cyclically high, and the setup for Thursday always favoured the bears. Equities opened a little weak, and after a failed opening reversal, the market spiraled lower into the early afternoon.
The afternoon saw a bounce to 3827, but then another wave lower in the closing hour to 3814, with a mini ramp to settle at 3829.
Volatility picked up, the VIX peaking at 31.16, and settling +35.4% to 28.89.
Friday should be interesting... not least as February is due to settle.
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| Golden sunshine... all along the way |
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| G type star |
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| I call this.... 'Tree' |
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| Summer 2021 is coming! |
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| Full moon... the night of Feb'26/27th |
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Extra charts in AH (usually around 5pm EST) @
https://twitter.com/Trading_Sunset
Goodnight
from London
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