Thursday 2 May 2024

Thursday Battle

US equity indexes closed broadly higher, SPX +45pts (0.9%) at 5064. Nasdaq comp' +1.5%. Dow +0.8%. The Transports settled +2.5%. R2K +1.9% 

SPX - daily

VIX - daily

Summary

US equities opened positive, but the gains were shaky from the start. The SPX cooled from 5057 to 5011. From there... a secondary wave upward to build rather significant gains, settling at 5064.

Volatility was a little mixed, the VIX seeing a mini spike high of 16.09, but cooling back to settle -4.6% to 14.68.

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Bullish electricity

See.... Video via X


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

Goodnight from London
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