Thursday 17 August 2023

Another lower low

US equity indexes closed broadly lower, SPX -33pts (0.8%) at 4370. Nasdaq comp' -1.2%. Dow -0.8%. The Transports settled -1.0%. R2K -1.2%

SPX - daily

VIX - daily


Summary

US equities opened a little higher, but the gains were shaky from the start. The SPX cooled from 4421 to print a new cycle low of 4363, and settling at 4370. Next support... 4320s. 

Volatility picked up, the VIX settling +6.6% to 17.89.
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Extra charts in AH (usually around 5pm EST) @ https://twitter.com/Trading_Sunset

Goodnight from London
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