US equity indexes closed broadly higher, sp +30pts (0.9%) at 3477. Nasdaq comp’ +1.4%. Dow +0.6%. The Transports settled +0.8%.
sp’daily5
nasdaq comp’
transports
Summary
SPX: the ninth day higher of eleven, as 12pm hour high of 3482, and settling +30pts (0.9%) to 3477. Today’s settlement was 1pt above the upper bollinger. Next resistance is legacy gap of 3564/80, and then the hist’ high of 3588.
NAS: the ninth day higher of eleven, settling +158pts (1.4%) to 11579. Yesterday’s black candle failed to play out. Next resistance is legacy gap of 11861/12056.
Trans: the fifth day higher of six, breaking a new historic high of 11912, settling +99pts (0.8%) to 11861.
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VIX’daily3
VIX weekly
Volatility cooled for a third consecutive day, settling -5.2% to 25.00. Momentum ticked lower, and is now on the moderately lower side.
For the week, the VIX saw a Tuesday high of 30.00 (with sp’3354), but saw a net weekly decline of -9.5%. Upside momentum has stalled just below the key zero threshold, and is a mirror to the SPX, which has seen downside momentum stall just above the key zero threshold.
Considering the election, the VIX could be expected to hold the 25/24s.
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a little more… by 6pm EST