Friday 21 January 2022

Ugly end to an ugly week

US equity indexes closed very significantly lower, SPX -84pts (1.9%) at 4397. Nasdaq comp' -2.7%. Dow -1.3%. The Transports settled -1.8%. R2K -1.9%.

SPX - daily

VIX - daily

Summary

US equities opened broadly lower, with the SPX printing 4420, with a bounce to briefly turn fractionally positive to 4494. From there... the sellers appeared, with a distinctly ugly end to what was an ugly week. Volatility picked up some more, the VIX settling +12.7% to 28.85.


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

Goodnight from London
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