US equity indexes closed significantly higher, SPX +56pts (1.0%) at 5633. Nasdaq comp’ +1.2%. Dow +1.1%. The Transports settled +0.7%. R2K +1.0%
sp’daily5
nasdaq comp’
r2k
transports
Summary
SPX: a seventh daily gain, printing a new hist’ high of 5635, and settling +1.0% to 5633. Tuesday’s black candle failed to play out. RSI 81s.
NAS: a seventh daily gain, printing a new hist’ high of 18655, and settling +1.2% to 18647. Tuesday’s black candle failed to play out. RSI 80s… is very overbought.
R2K: settling +1.0% to 203.38. Momentum ticked upward, and is marginally positive. Soft target 207s.
Trans: settling +0.7% to 15099. Momentum is marginally negative. Most notable… the 200, 50, and 10MA… all unusually close together, but then price have been pretty choppy across this year.
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VIX’daily
Volatility picked up a little, the VIX settling +2.7% to 12.85. Momentum ticked upward, and is marginally positive. I’d be open to the notion of a VIX spike next week on an ‘event’, but I’d favour Nov’ CALLS, to cover the election.
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Looking ahead by 6pm EDT