Wednesday, 8 December 2021

Midweek bullish consolidation

US equity indexes mostly closed a little higher, SPX +14pts (0.3%) at 4701. Nasdaq comp' +0.6%. Dow +0.1%. The Transports settled -0.3%. R2K +0.7%.

SPX - daily5

VIX - daily3

Summary

US equities opened in minor chop mode, and remained that way across the day. Price action was effectively bullish consolidation after two strong days. 

Volatility was ground lower, the VIX settling -9.1% to 19.90, a notable close under the key 20 threshold. 
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Another sunset closer to Winter Solstice


Next full moon is Dec'18th

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

Goodnight from London
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