US equity indexes closed rather mixed, SPX +4pts (0.1%) at 4298. Nasdaq comp’ +0.2%. Dow +0.1%. The Transports settled -1.1%. R2K -0.8%
sp’daily5
nasdaq comp’
r2k – via proxy IWM
transports
Summary
SPX: printing a new cycle high of 4322, if cooling back to settle +0.1% to 4298. Today’s candle is black, and leans s/t bearish, at least for part of Monday. Basic downside target for some ‘post fed cooling’ will be purple gap of 4240/20s.
NAS: printing a new cycle high of 13385, if cooling back to settle +0.2% to 13259. Today’s candle is black, and leans s/t bearish, at least for part of Monday.
R2K: settling -0.8% to 184.97. Momentum is offering a provisional rollover. Basic downside target for some ‘post fed cooling’ will be orange gap 177/174s.
Trans: settling -1.1% to 14243. Momentum is offering a provisional rollover. Things turn interesting <13600, with alarm bells <13400.
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VIX’daily
VIX weekly
Volatility remained grossly repressed, the VIX breaking a new multi-year low of 13.50, and settling +1.3% to 13.83. Daily momentum ticked upward… if remaining on the very low side.
VIX saw a net weekly decline of -5.3%. Weekly momentum ticked lower, and remains marginally negative.
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a little more… by 6pm EST