Tuesday, 20 August 2024

A mixed Tuesday

US equity indexes closed on a weak note, SPX -11pts (0.2%) at 5597. Nasdaq comp' -0.3%. Dow -0.15%. The Transports settled -0.9%. R2K -1.1%

SPX - daily

VIX - daily

Summary

US equities opened in micro chop mode, but did lean upward, the SPX printing a new cycle high of 5620. From there... some moderate cooling to 5590, and settling at 5597. Volatility picked up, the VIX printing 15.93, and settling +8.4% to 15.88.
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The most active cycle in 20 years


More X class flares are due

 
21c/70f is Goldilocks


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

Goodnight from London
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