US equity indexes mostly closed a little mixed, SPX +5pts (0.1%) at 4374. Nasdaq comp’ -0.2%. Dow +0.1%. The Transports settled +0.1%. R2K -1.5%
sp’daily5
nasdaq comp’
R2K
transports
Summary
SPX: breaking a new hist’ high of 4393, but settling +5pts (0.1%) to 4374. A black candle, and it leans distinctly s/t bearish. First support is red gap (see hourly chart) of 4329/20, which appears realistic Thurs/early Friday.
NAS: settling -32pts (0.2%) to 14644. S/t bearish. Support 14200/100s.
R2K: settling -1.5% to 218.87. Zero sign of a s/t floor/turn, and I’d note the 200dma in the 205s.
Trans: settling +14pts (0.1%) to 14689. Black candle leans s/t bearish.
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VIX’daily
With broadly choppy equities, the VIX was ground lower, settling -4.6% to 16.33. Momentum ticked lower, but remains net positive. Thursday will lean to the equity bears, and a pop in the VIX to the 19/20s wouldn’t be that surprising.
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Looking ahead by 6pm EST