US equity indexes closed very significantly lower, SPX -64pts (1.7%) at 3693. Nasdaq comp' -1.8%. Dow -1.6%. The Transports settled -1.8%. R2K -2.4%.
SPX - daily
VIX - daily
Summary
US equities opened significantly lower, largely pressured by European markets. The SPX spiraled to break a new cycle low of 3647. The afternoon saw repeated bounce attempts, with a relatively limited recovery to settle at 3693.
Volatility picked up, the VIX printing 32.31, if cooling back to settle +9.4% to 29.92. Whilst today was ugly, it wasn't capitulation, nor was there any real panic. That is yet to come, perhaps as early as next Monday.
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