Wednesday, 4 June 2025

Tedium ahead of the Oreshniks

US equity indexes closed a little mixed, SPX +0.4pts (0.01%) at 5970. Nasdaq comp' +0.3%. Dow -0.2%. The Transports settled -0.5%. R2K -0.2%

SPX - daily

VIX - daily

Summary

Equities saw considerable chop, if breaking a new cycle high of 5990. The late afternoon saw some cooling, to settle effectively flat at 5970. Volatility was ground lower for the sixth day of seven, the VIX settling -0.4% to 17.61. 

It should be clear... Oreshniks are due to be fired, which would be especially natural for a Thursday. If not... there is always the weekend.


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

Goodnight from London
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