US equity indexes closed on a weak note, SPX -20pts (0.5%) at 4388. Nasdaq comp’ -0.2%. Dow -0.7%. The Transports settled -0.4%. R2K -0.4%.
sp’daily5
nasdaq comp’
r2k
transports
Summary
SPX: a second day lower, printing 4367, and settling -0.5% to 4388. Momentum ticked lower for a second day, but remains moderately positive. The s/t (hourly cycle) setup favours the bulls, and I’d note the upper bollinger offers 4451.
NAS: a second day lower, settling -0.2% to 13667. Today’s candle is a hollow red reversal, and leans s/t bullish.
R2K: third day lower of four, settling -0.4% to 185.12. Today’s candle is spiky from key price threshold.
Trans: a second day lower, settling -0.4% to 14736.
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VIX’daily
Volatility picked up, the VIX printing 14.57, if cooling back to settle +2.5% to 13.88. Momentum ticked upward, prone to turning positive on Thursday. Today’s candle is black, and leans s/t bearish… if only early Wed’.
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Looking ahead by 6pm EST