Wednesday 18 October 2023

Many failed bounces

US equity indexes closed significantly lower, SPX -58pts (1.3%) at 4314. Nasdaq comp' -1.6%. Dow -1.0%. The Transports settled -3.4%. R2K -2.1%

SPX - daily

VIX - daily

Summary

US equities opened moderately lower. There was a failed opening bounce, with the SPX cooling to 4335 (the August low). From there... further bounce attempts, but none lasted very long, the SPX falling into the late afternoon to 4303, and settling at 4314.

Volatility picked up, the VIX printing 20.15, if cooling back to settle +7.5% at 19.22.


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

Goodnight from London
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