🚩US500 loses ahead of the US open, VIX surges 6%

S&P 500 futures (US500) are posting clear losses ahead of the US market open, with equity sentiment remaining subdued amid rising energy prices, particularly oil. Markets were also weighed down by reports of negotiations between China and Iran, during which China reportedly pushed strongly for ensuring fully unrestricted navigation through the Strait of Hormuz.

Investors are concerned that the conflict in the Middle East may be prolonged, while the escalation of tensions in the Persian Gulf continues to intensify. The US Dollar Index is already approaching the 100 level, recovering multi-month losses against a basket of major currencies, while rising bond yields are adding further pressure on risk assets.
In the short term, US500 may continue to respect the lower boundary of the trendline, though a break below 6800 points could trigger pressure for a retest of local lows near 6720 points. The RSI indicator on the short-term 5-minute interval has once again fallen close to 30, signaling oversold conditions.
At 12:30 AM GMT, key US macroeconomic data will be released, including retail sales and the NFP labor market report. A “hot” reading could further support the dollar and bond yields, while slightly weaker or in-line data could potentially ease some inflation concerns. The most risky scenario appears to be a reading above expectations or significantly below forecasts, as the latter could increase concerns about a potential recession.
The 10-year Treasury yield rose three basis points to almost 4.2% and this surge is on track for its largest weekly increase since April. S&P 500 futures declined 0.5%. Iran launched a lot of missiles and drones against several Gulf countries overnight. Israel and United States continued to launch airstrikes on Iran. Residents in Dubai received missile alarms on Friday, while Saudi Arabia, Kuwait, and Bahrain also claimed strikes.

US500, VIX (M5 interval)

Source: xStation5

The VIX index has reached local highs after briefly dipping below 23 during overnight trading. Demand for hedging against further downside remains strong, as the market assesses whether current valuation levels can be sustained in a scenario of rising yields and renewed inflationary pressure.

Source: xStation5

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
adobe_unique_id	Expiration date 364 days
__hssc	Expiration date 1 hour
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
intercom-device-id-iojaybix	Expiration date 270 days
test_cookie	Expiration date 1 hour
_cfuvid
OClmoOot	Expiration date 18262 days

Cookie name	Description
__hstc	Expiration date 179 days
__hssrc
_vwo_uuid_v2	Expiration date 365 days
_ga	Expiration date 729 days
_ga_CBPL72L2EC	Expiration date 729 days
_ga_TC79BEJ20L	Expiration date 729 days
countryIsoCode
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
_gcl_au	Expiration date 89 days
AnalyticsSyncHistory	Expiration date 29 days
_gid	Expiration date 1 day

Cookie name	Description
hubspotutk	Expiration date 179 days
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
_ttp	Expiration date 389 days
MUID	Expiration date 389 days
_tt_enable_cookie	Expiration date 389 days
li_sugr	Expiration date 89 days
_fbp	Expiration date 89 days
muc_ads	Expiration date 729 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
guest_id	Expiration date 729 days
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
IDE	Expiration date 389 days
MSPTC	Expiration date 389 days
_rdt_uuid	Expiration date 89 days

Cookie name	Description
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
UserMatchHistory	Expiration date 29 days
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days
personalization_id	Expiration date 729 days