Wednesday 20 July 2022

Battling upward

US equity indexes closed on a positive note, SPX +23pts (0.6%) at 3959. Nasdaq comp' +1.6%. Dow +0.2%. The Transports settled +0.9%. R2K +1.6%.

SPX - daily

VIX - daily

Summary

US equities opened a little choppy, but swung upward to print a new cycle high of 3974... a precise tag of teal gap.

Meanwhile...


... the same guy...


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The afternoon saw considerable chop, if still mostly leaning on the upward side.

Volatility was subdued, the VIX settling -2.5% to 23.88.


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

Goodnight from London
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