Tuesday, 3 October 2023

Rough Tuesday

US equity indexes closed significantly lower, SPX -58pts (1.4%) at 4229. Nasdaq comp' -1.9%. Dow -1.3%. The Transports settled -0.8%. R2K -1.7%

SPX - daily


VIX - daily

Summary

US equities opened broadly lower. There was an opening reversal, but it failed, with the SPX spiraling to break a new cycle low of 4216. The late afternoon saw a bounce attempt, settling at 4229.

Volatility picked up, the VIX printing 20.48 - the highest since May, if cooling back to settle +12.3% to 19.78.
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Carlson is one of the smartest people on planet Krazy.
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A fine Autumn day


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

Goodnight from London
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