Wednesday 1 December 2021

Wild Wednesday

US equity indexes closed significantly lower. SPX -53pts (1.2%) at 4513. Nasdaq comp' -1.8%. Dow -1.3%. The Transports settled -2.2%. R2K -2.2%

SPX - daily5

VIX - daily3

Summary

US equities opened significantly higher, and built gains into late morning, with the SPX printing 4652.

Meanwhile...



... as LaPalma appears set to continue into 2022.


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The afternoon saw a powerful downside swing from 4652 to a closing low of 4510, and settling at 4513. Volatility swung from 22.38 to settle +14.4% to 31.12.
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Descending into the metropolis


A fine Wednesday

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

Goodnight from London
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