US equity indexes closed a little mixed, SPX -4pts (0.1%) at 4786. Nasdaq comp’ -0.6%. Dow +0.3%. The Transports settled +0.02%. R2K -0.6%.
sp’daily5
nasdaq comp’
r2k
transports
Summary
SPX: printing a new historic high of 4807, but cooling back a little to settle -4pts (0.1%) to 4786. Momentum ticked upward, and is on the rather high side. S/t vulnerable, as a little washout/retrace to 4720/4700 appears probable before end year.
NAS: settling -0.6% to 15781. S/t vulnerable with the main market. Soft support the 50dma in the 15500s.
R2K: settling -0.6% to 222.78. Today’s candle is spiky from green gap. S/t bearish… if only a day or two. Eventual price action >228s will be decisive.
Trans: settling +0.02% to 16391. Today’s candle is a black doji, and its leans s/t bearish.
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VIX’daily
Volatility was subdued, the VIX lower for a fifth day, -0.8% to 17.54. Momentum is flat-lining on the low side. A spike to the key 20 threshold appears probable within 1-3 days.
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Looking ahead by 6pm EST