US equity indexes closed on a weak note, SPX -25pts (0.6%) at 4461. Nasdaq comp’ -1.0%. Dow -0.05%. The Transports settled -0.5%. R2K -0.1%
sp’daily5
nasdaq comp’
r2k
transports
Summary
SPX: settling -0.6% to 4461. Momentum prone to turning negative on Wed’. Soft target is the August low of 4335.
NAS: settling -1.0% to 13773. Momentum prone to turning negative on Wed’. Soft target is the August low of 13161.
R2K: settling -0.1% to 184.22. Monday’s black candle played out. Alarm bells <181.00
Trans: settling -0.5% to 15023. Big target is the 200dma 14600s.
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VIX’daily
Volatility was a little mixed, the VIX printing a low 13.71, if settling +3.1% to 14.23. Momentum ticked upward for a sixth day, and might turn positive on Thursday. In theory, VIX could be expected to climb into early next week.
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Looking ahead by 6pm EST