US equity indexes closed broadly lower, SPX -30pts (0.6%) at 4975. Nasdaq comp’ -0.9%. Dow -0.2%. The Transports settled -1.1%. R2K -1.4%
sp’daily5
nasdaq comp’
r2k
transports
Summary
SPX: the fourth day lower of six, printing 4955, if recovering to settle -0.6% to 4975. Momentum ticked lower, and offers another day or two. Support… around 4900.
NAS: the fourth day lower of six, settling -0.9% to 15630. I’d note the 50dma in the 15100s… as seems possible this Thurs’.
R2K: a second day lower, settling -1.4% to 198.87. S/t bearish, if only another day or two. I have to still expect the 205s to be cleared, and onward to 225.
Trans: the fourth day lower of six, settling -1.1% to 15463. Momentum ticked lower, and is on the low side. I’d note the 200dma in the 15200s.
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VIX’daily
Volatility was a little mixed, the VIX printing 15.91, if cooling back to settle +8.3% to 15.42. Momentum ticked back upward, and is marginally positive. Major resistance 16/17s. The key 20 threshold still looks out of range, unless a geo-political scare.
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Looking ahead by 6pm EST