US equity indexes closed on a positive note, SPX +12pts (0.3%) at 4410. Nasdaq comp' +0.6%. Dow +0.3%. The Transports settled +1.2%. R2K +2.4%
SPX - daily
VIX - daily
Summary
US equities opened significantly lower, with the SPX spiraling to 4222, notably taking out the Oct'2021 low. There were repeated bounce attempts, with the market clawing upward to turn positive into the close.
Volatility spiked, the VIX printing 38.94 - the highest level since Oct'2020, and settling +3.6% to 29.90. Whilst indexes settled net higher, it won't take much to break another lower low, as the bigger weekly/monthly cycles are increasingly bearish.
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Goodnight
from London
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