Tuesday 6 September 2022

Messy Tuesday

US equity indexes closed broadly lower, SPX -15pts (0.4%) at 3908. Nasdaq comp' -0.7%. Dow -0.5%. The Transports settled -0.5%. R2K -1.0%

SPX - daily

VIX - daily

Summary

US equities opened on a positive note, but it only took a few minutes for indexes to turn negative. The SPX broke a new cycle low of 3886, before spiking upward to 3942. The afternoon saw considerable minor chop... if mostly leaning on the weaker side.

Volatility was picked up a little, the VIX printing 27.80, and settling +5.6% to 26.91.
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Full moon is Saturday, Sept'10th


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

Goodnight from London
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