Thursday, 16 January 2025

Lynchian consolidation

US equity indexes closed mixed, SPX -12pts (0.2%) at 5937. Nasdaq comp' -0.9%. Dow -0.2%. The Transports settled +1.0%. R2K +0.2%

SPX - daily

 


VIX - daily

Summary

US equities opened in minor chop mode, and remained that way across the day. Equity bulls can argue price action was bullish consolidation, ahead of another wave higher, if not until next Tuesday. 

Volatility was a little higher, the VIX settling +3.0% to 16.60
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Goodnight from London
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