Tuesday 7 September 2021

Weak leaning chop

US equity indexes mostly closed on a weak note, SPX -15pts (0.3%) at 4520. Nasdaq comp' +0.1%. Dow -0.8%. The Transports settled -0.7%.

SPX - daily5

VIX - daily3


Summary

US equities opened a little choppy, if leaning on the weaker side. All the equity bears could manage was sp'4513, an effective tag of a minor downside gap. From there... a choppy recovery into the early afternoon, with renewed cooling (if very minor) into the close.

Volatility was mixed, the VIX printing 18.39, but cooling back to settle +10.5% to 18.14.
-

Airlines still trying to recover


         A bonus summer day


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

Goodnight from London
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