US equity indexes closed a little mixed, SPX -1pt (0.03%) at 4026. Nasdaq comp’ -0.5%. Dow +0.4%. The Transports settled +0.4%. R2K +0.2%.
sp’daily5
nasdaq comp’
r2k – via proxy IWM
transports
Summary
SPX: a very subdued trading day, with a range just 14pts wide, settling -1pt to 4026. Today’s candle is a hollow red reversal, and leans s/t bullish. Momentum has started to tick lower again, prone to turning negative next Wed’/Thurs.
NAS: tech was the (natural) laggard, settling -0.5% to 11226. Momentum ticked lower, and might turn negative next Tues/Wed’.
R2K: the fourth daily gain of five, settling +0.3% to 185.74. Today’s close was once again from around what is a key price threshold/resistance. Momentum settled fractionally positive.
Trans: a fifth day higher, settling +0.4% to 14443. Momentum still ticked lower, settling fractionally positive. Orange gap is a valid target next week.
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VIX’daily
VIX weekly
Volatility remained muted, the VIX settling +0.7% to 20.49. Today’s candle is black, and an appropriate mirror to the hollow red reversal candle in the VIX. Default… s/t bearish VIX… s/t bullish equities.
For the week, the VIX was net lower by -11.4%. Momentum ticked lower, and remains on the marginally negative side.
A mini spike to the 25/26s remains minimum upside target.
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a little more… by 3pm EST