Monday 15 April 2024

Ugly downside reversal

US equity indexes closed significantly lower, SPX -61pts (1.2%) at 5061. Nasdaq comp' -1.8%. Dow -0.6%. The Transports settled -0.7%. R2K -1.4%

SPX - daily

VIX - daily


US equities opened broadly higher, but the gains didn't last long. The SPX swung from 5168 to 5052, and settling at 5061. For the bulls, it was another ugly downside reversal, the fourth of the last eight trading days.

WTIC will be prone to hyper spiking

Volatility was mixed, the VIX seeing an early low of 16.26, but spiking upward to 19.46, and settling +11.1% to 19.23.


Sunshine and showers


Extra charts in AH (usually around 5pm EDT) @

Goodnight from London


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