Friday 10 March 2023

A very bearish week

US equity indexes closed very significantly lower, SPX -56pts (1.4%) at 3861. Nasdaq comp' -1.8%. Dow -1.1%. The Transports settled -2.5%. R2K -2.9%.

SPX - daily

VIX - daily

Summary

US equities opened a little weak, with an early low of 3874, and pushing to 3934. From there... another spiral lower to 3846. The late afternoon saw considerable chop, settling at 3861.

Volatility spiked, the VIX printing 28.97 - the highest since mid Oct'2022, if cooling back to settle +9.7% to 24.80.


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

Goodnight from London
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