Thursday, 16 September 2021

The bears remain weak

US equity indexes closed fractionally mixed, SPX -6pts (0.1%) at 4473. Nasdaq comp' +0.1%. Dow -0.2%. The Transports settled +0.2%.

SPX - daily5

VIX - daily3

Summary

US equities opened a little choppy, leaning on the weaker side. The SPX cooled to 4443, but that was all the bears could manage, with the market recovering into the late afternoon to 4485, and settling fractionally lower at 4473.

Volatility was subdued, the VIX settling +2.8% to 18.69. 

Considering it was a Thursday, the equity bears remain weak, and simply can't manage anything significant/sustained. There is even less reason to expect any different for quad-opex.
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Autumnal equinox is Sept'22nd 3.20pm EST

 

Full moon is Sept'20th


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

Goodnight from London
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