Thursday, 2 June 2022

Thursday Reversal

US equity indexes closed very significantly higher, SPX +75pts (1.8%) at 4176. Nasdaq comp' +2.7%. Dow +1.3%. The Transports settled +2.1%. R2K +2.4%.

SPX - daily

VIX - daily

Summary

US equities opened a little weak, as Microsoft eroded pre-market gains, due to lowered guidance on the excuse of a stronger dollar. 

However, all the bears could manage was sp'4074, before battling upward to build very  significant gains into the late afternoon.

Volatility was mixed, the VIX printing 26.50, but cooling back to settle -3.8% to 24.72.
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Seventy years... is a long time


A fine evening


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

Goodnight from London
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