Thursday 3 November 2022

A Red Thursday

US equity indexes mostly closed on a weak note, SPX -39pts (1.1%) at 3719. Nasdaq comp' -1.7%. Dow -0.5%. The Transports settled +0.8%. R2K -0.6%. 

SPX - daily

VIX - daily

Summary

US equities opened broadly lower, with the spx cooling to 3698. There was a recovery to 3750, with considerable chop into the mid afternoon. The closing hour saw some distinct renewed weakness, as the s/t setup favours the bears... with natural target of orange gap to 3638/3583.

Volatility remained muted, the VIX settling -2.2% to 25.30.
-

A fine day


The moon will be full for the midterms!


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

Goodnight from London
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