US equity indexes mostly closed on a weak note, SPX -15pts (0.4%) at 3856. Nasdaq comp' -0.9%. Dow -0.2%. The Transports settled -0.5%. R2K +0.2%.
SPX - daily
VIX - daily
Summary
US equities opened on a broadly positive note, but the gains were shaky from the start. The SPX swung from a new cycle high of 3911 to 3843. From there... considerable chop into the late afternoon.
Volatility remained muted, the VIX settling -0.3% to 25.81.
Wednesday will see rate hike six. Regardless of the initial market reaction, sp'4K appears inevitable. Equity bears could even stomach a push to 4100... so long as the month settles back under 4K.
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| Sunshine... between the Cold November Rain |
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| Autumn is difficult... winter will be far more so. |
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| Next full moon is November 8th. Appropriate. |
Extra charts in AH (usually around 5pm EST) @
https://twitter.com/Trading_Sunset
Goodnight
from London
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