Tuesday 19 March 2024

Upside reversal

US equity indexes closed moderately higher, SPX +29pts (0.6%) at 5178. Nasdaq comp' +0.4%. Dow +0.8%. The Transports settled +0.8%. R2K +0.4%

SPX - daily

VIX - daily


Summary

US equities opened on a weak note, but all the bears could manage was 5131. There was a rather significant upside reversal to 5180, and settling at 5178. Volatility was ground lower, the VIX settling -3.6% to 13.82.


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

Goodnight from London
--

 

Spring/Easter subscription offers, see: https://www.tradingsunset.com