Wednesday 30 August 2023

Midweek upside

US equity indexes closed moderately higher, SPX +17pts (0.4%) at 4514. Nasdaq comp' +0.5%. Dow +0.1%. The Transports settled +0.5%. R2K +0.4%

SPX - daily

VIX - daily

Summary

Equities opened a little higher, with the SPX battling to 4521. From there... cooling to 4493, with a secondary push to 4521, and settling at 4514.

Volatility was subdued, the VIX lower for the 8th day of 9, settling -3.9% to 13.88  

Equities will be inclined to start Thursday on a positive note, but I am looking for a downside reversal, with August due to wrap. 
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100%... bullish moon


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

Goodnight from London
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