Wednesday 18 January 2023

Midweek reversal

US equity indexes mostly closed very significantly lower, SPX -62pts (1.6%) at 3928. Nasdaq comp' -1.2%. Dow -1.8%. The Transports settled -0.4%. R2K -1.6%.

SPX - daily

VIX - daily

Summary

US equities opened a little higher, with the spx printing 4014, just 1pt shy of Tuesday's high. From there... a full reversal to rather significant declines, printing 3939. The mid afternoon saw a rally attempt... but it failed, with a new intraday low of 3926.

Volatility was a little mixed, the VIX swinging from 18.97 to 20.58, and settling +5.1% to 20.34.
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12.30pm GMT... looking down on yours truly


3.56pm GMT... from ground level.


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

Goodnight from London
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