Monday 9 May 2022

Rough Monday

US equity indexes closed powerfully lower, SPX -132pts (3.2%) at 3991. Nasdaq comp' -4.3%. Dow -2.0%. The Transports settled -2.9%. R2K -4.2%.

SPX - daily

VIX - daily

Summary

US equities opened very significantly lower, not helped by most other world markets. There was numerous bounce attempts, but all failed, with the SPX printing 3975 in the closing hour. 

Volatility picked up, the VIX settling +15.1% to 34.75.


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

Goodnight from London
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