Friday, 5 March 2021

Recovering into the weekend

US equity indexes closed very significantly higher, SPX +73pts (1.9%) at 3841. Nasdaq comp' +1.5%. Dow +1.8%. The Transports settled +3.1%.

SPX - daily5

VIX - daily3

Summary

US equities opened choppy, but broke lower to 3730. 

Meanwhile...

The last hope for humanity?
 

From late morning, equities began a powerful recovery that stretched into the late afternoon to sp'3851, and settling at 3841.

It was a mixed day for volatility, the VIX printing 30.03, but settling -13.7% to 24.66. 
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... and night... must fall.


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

Goodnight from London
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