Thursday 7 October 2021

Still broken

US equity indexes mostly closed broadly higher, SPX +36pts (0.8%) at 4399. Nasdaq comp' +1.0%. Dow +1.0%. The Transports settled -0.3%. R2K +1.6%

SPX - daily5

VIX - daily3

Summary

US equities opened broadly higher, with the SPX printing 4429 by late morning. From there, some choppy cooling into the late afternoon.

Meanwhile...

Day 19 in LaPalma

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Volatility cooled back, the VIX settling -6.9% to 19.54. The market is still s/t broken, and the bulls should remain cautious until we're sustainably >4450.


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

Goodnight from London
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