Friday, 8 September 2023

Net bearish week

US equity indexes closed somewhat mixed, SPX +6pts (0.1%) at 4457. Nasdaq comp' +0.1%. Dow +0.2%. The Transports settled -0.6%. R2K -0.2%

SPX - daily

VIX - daily


Summary

Friday opened in minor chop mode, with the SPX clawing upward to 4473... an effective 38% retrace of 4541>4430. There was latter day cooling to turn fractionally negative, and settling at 

Volatility was ground lower into the weekend, the VIX settling -3.9% to 13.84


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

Goodnight from London
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