US equity indexes mostly closed broadly lower, SPX -41pts (0.9%) at 4402. Nasdaq comp’ -1.5%. Dow -0.2%. The Transports settled u/c. R2K -1.0%
sp’daily5
nasdaq comp’
r2k
transports
Summary
SPX: early upside to 4461, but reversing lower to settle -0.9% to 4402. Orange gap filled. Today’s candle is bearish engulfing, and leans s/t bearish. The August low of 4335 is viable within 2-3 days.
NAS: settling -1.5% to 13469. Soft target is the August low, and then the 200dma 12400s.
R2K: a fourth day lower, settling -1.0% to 179.87. The break <181.00 is decisive. Bearish to the 168s.
Trans: settling u/c at 15164. Today’s candle is black, and leans s/t bearish.
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VIX’daily
Volatility was mixed, the VIX printing 13.57, but swinging upward to settle +7.3% to 15.14. Momentum has turned positive. Today’s candle is bearish engulfing (an appropriate mirror to the SPX), and leans s/t bullish. Upper bollinger offers the 16s.
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Looking ahead by 6pm EST