US equity indexes closed significantly higher, SPX +43pts (0.9%) at 5010. Nasdaq comp’ +1.1%. Dow +0.7%. The Transports settled +0.9%. R2K +1.1%
sp’daily5
nasdaq comp’
r2k
transports
Summary
SPX: the morning gains were shaky, but there was a secondary up wave to 5038, if cooling back to settle +0.9% to 5010. Daily momentum ticked back upward. The more aggressive bulls will be seeking green gap… around 5200.
NAS: settling +1.1% to 15451. Resistance 16300/400s.
R2K: a second day higher, settling +1.1% to 195.23. Natural target is resistance of green zone.
Trans: a second day higher, settling +0.9% to 15224. Momentum ticked upward for a second day, as the setup favours the bulls. Resistance around 16K.
–
VIX’daily
Volatility was ground lower, the VIX settling -9.5% to 16.94. Momentum ticked lower for a fourth day, due to turn negative on Wed’. The more aggressive equity bulls will be seeking VIX cooling to yellow gap 13s.
–
Looking ahead by 6pm EDT