Wednesday 5 May 2021

Midweek chop

US equity indexes closed a little mixed, SPX +2.93pts (0.1%) at 4167. Nasdaq comp' -0.4%. Dow +0.3%. The Transports settled +0.1%.

SPX - daily5

VIX - daily3

Summary

It was a day of considerable moderate chop. Its arguable that s/t price action is just consolidation/chop from recent historic highs.

Volatility was subdued, the VIX settling -1.7% to 19.15. The SPX and VIX daily candles threaten early equity weakness on Thursday.
-

Bullish carbon structures


5c/41f... a very chilly evening in early May


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

Goodnight from London
--


If you value my work on Blogger, Twitter, and would like more of the same, then subscribe to my intraday service! For details and the latest offers, see: https://www.tradingsunset.com