Wednesday 27 October 2021

Leaning weak

US equity indexes mostly closed on a weak note, SPX -23pts (0.5%) at 4551. Nasdaq comp' u/c. Dow -0.7%. The Transports settled -1.3%.

SPX - daily5

VIX - daily3

Summary

US equities opened in minor chop mode, and remained that way into the mid afternoon.

Meanwhile, the fiery drama continues...



 
The late afternoon saw some distinct cooling, as daily momentum continues to swing back toward the bears.

Volatility was subdued until the mid afternoon, but spiking upward, the VIX settling +6.3% to 16.98. The daily cyclical setup increasingly favours the equity bears into Halloween/end month. 
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Golden rays of hope


Just a few days left of British Summer Time

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

Goodnight from London
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