US equity indexes closed very mixed, SPX +1pt (0.03%) at 3853. Nasdaq comp’ +0.5%. Dow -0.04%. The Transports settled -1.7%.
sp’daily5
nasdaq comp’
transports
Summary
SPX: breaking a new hist’ high of 3861, and settling +1pt (0.03%) to 3853. Today’s candle is black, and leans s/t bearish, if only to tag minor downside gap of 3816/3798.
NAS: breaking a new hist’ high of 13560, and settling +73pts (0.5%) to 13530. S/t over-stretched, but zero sign of a s/t ceiling/turn.
Trans: settling -226pts (1.7%) to 12899. United Airlines (UAL) sure didn’t help the airlines, which dragged lower much of the rest of the sector. Today’s candle is suggestive of at least a little lower in the immediate term.
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VIX’daily3
The closing hour printed 21.09, settling -1.2% to 21.32. Today’s candle is just shy of being a reversal. Momentum ticked lower, and is on the moderately lower side. A minor spike to the 23/24s will arguably sync with SPX gap 3816/3798.
An eventual sustained VIX under the key 20 threshold appears due.
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Looking ahead by 6pm EST