US equity indexes closed very significantly lower, SPX -68pts (1.6%) at 4258. Nasdaq comp' -1.1%. Dow -2.1%. The Transports settled -1.6%.
SPX - daily5
VIX - daily3
Summary
The week began with more red boxes than green, for what was an intensification of weakness that began last Wednesday morning. The SPX spiraled into mid morning to 4239... filling all three s/t downside gaps.
Meanwhile...
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The afternoon saw further downside to sp'4233, with a moderate burst higher into the close.
Volatility soared, the VIX settling +21.9% to 22.50.
Its notable that last Friday's bearish engulfing SPX, and bullish engulfing VIX daily candles played out.
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| A few attempts at localised showers |
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| Summer 2021... continues |
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| Full moon... July 23rd |
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Goodnight
from London
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