US equity indexes closed somewhat mixed, SPX +12pts (0.3%) at 4378. Nasdaq comp’ +0.9%. Dow +0.2%. The Transports settled -0.4%. R2K -0.3%
sp’daily5
nasdaq comp’
r2k
transports
Summary
SPX: a seventh consecutive day higher, printing 4386, and settling +0.3% to 4378. Momentum ticked upward, and should level out within 1-2 days.
NAS: an eighth consecutive day higher, settling +0.9% to 13639. Upper declining trend is being tested.
R2K: a second day lower, settling -0.3% to 171.83. Today’s candle is a hollow red reversal, and leans s/t bullish, if only early Wed’.
Trans: a second day lower, settling -0.4% to 14438. Massive resistance with the intersecting 50/200dma in the 14800s. RSI 49s… stalling from around the key intermediate 50 threshold.
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VIX’daily
Volatility remained subdued, the VIX settling -0.5% to 14.81. Momentum ticked just a little more lower, and is due to floor/turn on Wednesday. Soft target are the mid 16s, and then the 18s.
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Looking ahead by 6pm EST