US equity indexes closed very significantly lower, SPX -78pts (2.1%) at 3640. Nasdaq comp' -2.8%. Dow -1.5%. The Transports settled -1.6%. R2K -2.3%
SPX - daily
VIX - daily
Summary
US equities opened significantly lower. Partly... European markets weren't helping, and partly is was just s/t cyclical cooling. Yet... the cooling wave/retrace became something much more, with the SPX spiraling lower to break under Tuesday's low.
The afternoon was ugly, with the SPX printing 3610, with a late afternoon recovery to 3640.
Volatility picked up, the VIX printing 33.46, and settling +5.5% to 31.84. Its notable that whilst equities broke a new cycle low, this was not mirrored by the VIX.
-
 |
| A fine Autumn day |
 |
| Next full moon is Oct'9th |
–
Extra charts in AH (usually around 5pm EST) @
https://twitter.com/Trading_Sunset
Goodnight
from London
--
If you value my work on Blogger, Twitter, and would like more of the same, then subscribe to my intraday service! For details and the latest offers, see: https://www.tradingsunset.com
