Tuesday 26 April 2022

A broken market

US equity indexes closed powerfully lower, SPX -120pts (2.8%) at 4175. Nasdaq comp' -3.9%. Dow -2.4%. The Transports settled -3.1%. R2K -3.2%.

SPX - daily


VIX - daily

Summary

US equities opened moderately lower, and spiraled lower into the afternoon. There were a few bounce attempts, but all failed, with the SPX settling right at the low of the day... 4175. Today's price action was a reminder of a broken market.

Volatility naturally picked up, the VIX settling +24.1% to 33.52.
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Meanwhile...


Twitter is set to be lead by someone who actually understands, and believes in freedom of speech. The reaction from the mainstream media, and various govt' regimes to such a notion... is telling.
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Rogan with a 'live reaction' to news of Elon buying Twitter.

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The UK's Brand on Elon buying Twitter.


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

Goodnight from London
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