Wednesday 11 September 2024

Wild Wednesday

US equity indexes mostly closed on a positive note, SPX +58pts (1.1%) at 5554. Nasdaq comp' +2.2%. Dow +0.3%. The Transports settled -0.4%. R2K +0.3%

SPX - daily

VIX - daily

Summary

US equities opened broadly flat, but the SPX leaned weak, and spiraled to 5406. There was an effective floor from around typical turn time of 11am, with the SPX recovering all the way to build significant gains to 5560, and settling at 5554.

Volatility was very mixed, the VIX spiking to 21.41, but cooling back to settle -7.3% to 17.69.
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7.10pm BST, 10c/50f... as the chill winds of Fall have already arrived

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

Goodnight from London
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