Tuesday 26 September 2023

Another lower low

US equity indexes closed significantly lower, SPX -63pts (1.5%) at 4273. Nasdaq comp' -1.6%. Dow -1.1%. The Transports settled -1.9%. R2K -1.3%

SPX - daily

VIX - daily

Summary

US equities opened broadly lower, with the SPX sliding across the day, printing 4265, and settling at 4273. Mr Market continues to print a series of lower highs... and lower lows, with ZERO sign of a s/t floor.

Volatility continued to increase, the VIX printing a new cycle high of 19.50, and settling +12.1% at 18.94.


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

Goodnight from London
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