Wednesday 3 August 2022

Midweek strength

US equity indexes closed very significantly higher, SPX +63pts (1.6%) at 4155. Nasdaq comp' +2.6%. Dow +1.3%. The Transports settled +1.0%. R2K +1.5%.

SPX - daily

VIX - daily

Summary

US equities opened on a positive note, and battled upward into the afternoon.

Meanwhile...

 
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The afternoon saw further upside to break a new cycle high of sp'4167, and settling at 4155.

Volatility was ground lower, the VIX settling -8.3% to 21.95. Thursday should be 'interesting', not least with the latest weekly jobs data.
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Next full moon is August 11th


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

Goodnight from London
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