US equity indexes closed broadly lower, SPX -44pts (1.0%) at 4532. Nasdaq comp' -1.1%. Dow -1.0%. The Transports settled -0.4%. R2K -1.6%.
SPX - daily
VIX - daily
Summary
US equities opened a little higher, but all the bulls could manage was 4611, before the market swung lower. The afternoon saw considerable chop, but leaning on the weaker side, with a pretty ugly closing hour
Volatility remains elevated, the VIX settling +4.6% to 23.85. We're yet to see equity 'capitulation', and VIX could easily spike into the 30s if sp'4400s.
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| Rays of hope |
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| A glimpse of golden sunshine |
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| The waning moon |
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| Max zoom... 332x (Nikon P950) |
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Goodnight
from London
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