Tuesday, 28 December 2021

Net bullish Tuesday

US equity indexes closed a little mixed, SPX -4pts (0.1%) at 4786. Nasdaq comp' -0.6%. Dow +0.3%. The Transports settled +0.02%. R2K -0.6%.

SPX - daily

VIX - daily

Summary

With a new historic high of 4807 it was a net bullish Tuesday. Volatility was subdued, the VIX settling -0.8% to 17.54. The s/t cyclical setup favours the bears... if only for a few days to the low 4700s. More broadly, 5K appears a given, whether within January, or a far more viable February with the Winter Olympics. 


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

Goodnight from London
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