US equity indexes closed on a positive note, SPX +21pts (0.5%) at 4566. Nasdaq comp’ +0.9%. Dow +0.2%. The Transports settled +0.7%.
sp’daily5
nasdaq comp’
transports
Summary
SPX: breaking a new historic high of 4572, and settling +21pts (0.5%) to 4566. Momentum still subtly ticked lower for a second day, and remains on the very high side. We have four downside gaps. Some cooling to (at least) the third gap… around the 4450s appears probable.
NAS: settling +0.9% to 15226. Momentum subtly ticked lower, as we’re very s/t overbought.
Trans: the eighth consecutive net daily gain, settling +0.7% to 15875. RSI 78s…the highest since (at least May).
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VIX’daily
With positive equities, volatility was subdued, the VIX settling -1.2% to 15.24. Momentum ticked upward, and might turn positive before Halloween. Soft target has to be the key 20 threshold. Its arguable that green gap might sync with sp’4450s or so.
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Looking ahead by 6pm EST