US equity indexes closed on a positive note, SPX +30pts (0.7%) at 4487. Nasdaq comp’ +1.1%. Dow +0.3%. The Transports settled +0.5%. R2K +0.3%
sp’60min
Summary
closing hour action: micro chop, with price scraping along the upper side of what is a bear flag (pink). S/t momentum is offering a provisional rollover, prone to turning negative late Tuesday, or early Wednesday on the CPI.
*awaiting earnings from ORCL, CASY
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… and that concludes a Monday. It was clearly a net bullish day, although there wasn’t any real upside ‘power’.
For yours truly, not a great day, but I ain’t selling any of block’1 until at least 4335, with block’2 a ‘hold until Monday Sept’18th’ trade.
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notable bond yield proxy: TNX, 60min
CPI-Wednesday threatens a spike to new multi-decade highs.
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notable banking ETF: KRE
Today’s candle is notably spiky on the upper side from key price threshold.
How long until the next financial implodes?
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notable stock: SQ
I received multiple emails across the weekend, as Square is trying to calm customers after a very significant loss of service.
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Fall is near (Sept’23rd, 2.50am ET). Have a good evening
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more later on the VIX and Indexes by 6pm EST