Wednesday 17 November 2021

Midweek weakness

US equity indexes closed a little weak, SPX -12pts (0.3%) at 4688. Nasdaq comp' -0.3%. Dow -0.6%. The Transports settled -1.4%. R2K -1.3%

SPX - daily5

VIX - daily3

Summary

US equities opened in micro chop mode, if leaning on the weaker side. The afternoon saw considerable minor chop, if still leaning on the weaker side.

Volatility picked up a little, the VIX settling +4.5% to 17.11. S/t outlook leans to the bears, if only to around 4550, before resuming upward to new historic highs in the 4800s.

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Moon rise... in the twilight zone

Full moon is Friday

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

Goodnight from London
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