US equity indexes closed very significantly lower, SPX -73pts (1.8%) at 3918. Nasdaq comp’ -2.0%. Dow -1.6%. The Transports settled -2.0%. R2K -2.8%.
sp’daily5
nasdaq comp’
r2k
transports
Summary
SPX: an early high of 4017, but swinging very significantly lower to 3908 – the lowest since Jan’20th, and settling -1.8% to 3918. Today’s candle is bearish engulfing, and leans s/t bearish.
Next soft support is the lower bollinger – currently 3899.
Major support is the Dec’ low of 3764, as seems a high threat next week.
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NAS: the third day lower of four. An early high of 11667, but swinging powerfully lower to settle -2.0% to 11338. Today’s candle is bearish engulfing, and leans s/t bearish.
R2K: the third day lower of four, settling rather powerfully lower, -2.8% to 181.41. Today’s candle is effectively bearish engulfing, and leans s/t bearish.
Trans: the third day lower of four. An early high of 15001, but a major reversal to settle -2.0% to 14569. Today’s candle is bearish engulfing, and leans s/t bearish.
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VIX’daily
Volatility spiked, the VIX printing 23.14, and settling +18.3% to 22.61. Momentum ticked upward, settling net positive. Today’s candle is a little spiky from first resistance of the upper daily bollinger.
Weekly bollinger offers the 25s… plus a further 2pts ‘on a stretch’.
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Looking ahead by 6pm EST