Monday 30 September 2024

Chop into end month/quarter

US equity indexes closed on a positive note, SPX +24pts (0.4%) at 5762. Nasdaq comp' +0.4%. Dow +0.04%. The Transports settled +0.7%. R2K +0.3%

SPX - daily

VIX - daily

Summary

US equities opened in minor chop mode, and remained that way into the early afternoon. The Powell appeared, with equities using it as an excuse for a very brief washout. The SPX saw a low of 5703, if seeing a mini closing hour ramp to 5765, and settling at 5762. 

Volatility was a little mixed, the VIX printing a mid afternoon high of 17.79, if cooling back to settle -1.4% to 16.73.


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

Goodnight from London
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