Wednesday 25 August 2021

The 4500s

US equity indexes closed a little higher, SPX +9pts (0.2%) at 4496. Nasdaq comp' +0.1%. Dow +0.1%. The Transports settled +0.7%. R2K +0.4%

SPX - daily5

VIX - daily3

Summary

US equities opened in minor chop mode, but still leaning on the upward side, which was plenty enough for the SPX to push into the 4500s. 

Meanwhile...


I'd especially highlight a musical moment for the walking dead at t+5.25, and t+6.52, for what was just another day in Philly. Today was worse than yesterday, and tomorrow will be worse than today. Gods help them, but gods damn the political/societal elite who merely look away.
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The afternoon saw a new historic high of 4501, which was impressive as s/t momentum was increasingly negative. Volatility was subdued, the VIX settling -2.5% to 16.79.
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The twilight zone

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

Goodnight from London
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