US equity indexes closed rather mixed, SPX +0.65pts (0.02%) at 4192. Nasdaq comp’ +0.5%. Dow -0.4%. The Transports settled +0.2%. R2K +1.2%
sp’daily5
nasdaq comp’
r2k
transports
Summary
SPX: a day of considerable chop, settling fractionally higher at 4192. Momentum ticked upward, and is on the moderately high side. S/t bullish unless <4160.
NAS: printing a new high for the year of 12756, and settling +0.5% at 12720. Momentum is on the moderately high side… but there is zero sign of a ceiling/turn. Maybe Tuesday.
R2K: settling +1.2% to 178.25. Rather major resistance 179/180. Bears need <166 to start getting excited.
Trans: settling +0.2% to 13940. Black candle… s/t bearish, if not the actual Tuesday open. I’d note we’ve stalled at the intersecting 50 and 200dma.
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VIX’daily
Volatility was subdued, the VIX settling +2.4% at 17.21. Today’s candle is black, and leans s/t bearish… if only early Tuesday. Soft upside target remain the mid 19s.
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Looking ahead by 6pm EST