US equity indexes closed broadly lower, SPX -31pts (0.7%) at 4274. Nasdaq comp' -1.2%. Dow -0.5%. The Transports settled -1.9%. R2K -1.7%.
SPX - daily
VIX - daily
Summary
US equities opened broadly lower, with the SPX cooling to 4253. There was a recovery into the mid afternoon to 4302... effectively filling the opening gap. The market saw renewed weakness into the close, with the two leaders - Trans and R2K, leading the way lower.
Today's style of price action was distinctly different, as the market has a provisional s/t top of sp'4325. Whether that is also a key m/t top... will take some days, if not weeks to ascertain.
Volatility picked up, if only a little, the VIX settling +1.1% to 19.90.
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