Friday 29 September 2023

Sept/Q3 settles

US equity indexes mostly ended the month/Q3 on a weak note, SPX -11pts (0.3%) at 4288. Nasdaq comp' +0.1%. Dow -0.5%. The Transports settled -0.1%. R2K -0.5%

SPX - daily

VIX - daily

Summary

US equities opened broadly higher, with the SPX printing 4333. From there, choppy cooling to 4274. The late afternoon saw a bounce to 4303, and settling at 4288.

Volatility was mixed, the VIX printing an early low of 15.83, swinging upward to 17.74, and settling +1.0% to 17.52.

SPX, monthly

 


For September, the SPX declined by -219pts (4.9%), having printed 4238, the lowest since June 1st.
The August 'hanging man' candle notably played out.
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The sun sets on September/Q3 trading


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

Goodnight from London
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