Tuesday, 7 May 2024

Psy 5200 resistance

US equity indexes closed a little mixed, SPX +6pts (0.1%) at 5187. Nasdaq comp' -0.1%. Dow +0.1%. The Transports settled +0.3%. R2K +0.2%

SPX - daily

VIX - daily

Summary

US equities opened in minor chop mode, but leaned upward, the SPX printing a new multi-week high of 5200. The late afternoon saw some natural cooling from multiple aspects of resistance, settling at 51 

Volatility remained subdued, the VIX settling -1.9% at 13.23.
-

  A fine sunset

 

  Summer is coming


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

Goodnight from London
--

 

If you value my work on Blogger, Twitter, and would like more of the same, then subscribe to my intraday service! For details and the latest offers, see: https://www.tradingsunset.com