Wednesday 24 July 2024

Bearish midweek

US equity indexes closed very significantly lower, SPX -128pts (2.3%) at 5427. Nasdaq comp' -3.6%. Dow -1.2%. The Transports settled -1.2%. R2K -2.1%

SPX - daily

VIX - daily


Summary

US equities opened significantly higher. Early price action wasn't pretty, with every bounce attempt failing. The SPX fell into the late afternoon, printing 5419, and settling at 5427.

Volatility picked up, the VIX printing 18.46, and settling +22.5% to 18.04.


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

Goodnight from London
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