US equity indexes closed significantly lower, SPX -55pts (1.2%) at 4456. Nasdaq comp' -1.3%. Dow -1.3%. The Transports settled -1.8%. R2K -1.7%.
SPX - daily
VIX - daily
Summary
US equities opened moderately lower. There a morning bounce attempt, but the bulls couldn't retake the hourly 10MA, with the market seeing renewed weakness in the late afternoon.
Volatility picked up, the VIX settling +2.7% to 23.57. Tomorrow is a Thursday, which will inherently favour the bears. Soft target is the Monday low of 4424. The bigger issue is how March will settle. Bullish >4500.... bearish <4400. Everything in between is a conflicted mess.
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| A heavy transporter (probably a C17 Globemaster III), taking off from RAF Northolt |
*sometimes my timing is fortunate, and that is now one of my favourites of the last few years.
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| 5.59pm GMT... soon to be 7.07pm BST |
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| 19c/66f is bullish for Hawthorn |
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| A fine spring day |
Extra charts in AH (usually around 5pm EST) @
https://twitter.com/Trading_Sunset
Goodnight
from London
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