Monday, 19 December 2022

Monday weakness

US equity indexes closed broadly lower, SPX -34pts (0.9%) at 3817. Nasdaq comp' -1.5%. Dow -0.5%. The Transports settled -1.3%. R2K -1.3%.

SPX - daily

VIX - daily

Summary

US equities opened in minor chop mode... saw a failed rally attempt, with the SPX swinging lower to break below last Friday's low of 3827... as last week's bearish engulfing candles played out. The afternoon saw further downside to print 3800.04, with a minor rally into the close.

Volatility was itself muted, the VIX settling -0.9% to 22.42. 


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

Goodnight from London
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