Tuesday, 18 August 2026

Gap down and churn

US equity indexes closed broadly lower, SPX -53pts (0.7%) at 7691. Nasdaq comp' -1.3%. Dow -0.2%. The Transports settled -1.6%. R2K -1.3%

SPX – daily

VIX – daily

Summary

Equities opened moderately lower, and then resumed micro chop mode into the late afternoon. The daily charts lean net bearish for Wed', and perhaps more so... Thurs'.

Volatility picked up, the VIX settling +4.3% to 15.84. 



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