US equity indexes mostly closed a little weak, SPX -8pts (0.2%) at 5555. Nasdaq comp’ -0.1%. Dow -0.1%. The Transports settled -1.5%. R2K +1.0%
sp’daily5
nasdaq comp’
r2k
transports
Summary
SPX: a high of 5585, cooling to 5550, and settling -0.2% to 5555. Today’s candle is spiky from around the 10MA. Best guess… a secondary wave higher to tag teal gap… 5610, before resuming lower to the 5440s.
NAS: settling -0.1% to 17997. Today’s candle is a subtle hollow red reversal, and leans net bullish, at least for part of Wed’.
R2K: a second day higher, settling +1.0% to 222.56. Momentum remains on the high side. RSI 69s. I’d be open to a positive early Wed’, but then a downside reversal.
Trans: settling -1.5% to 15655… a new daily closing low. Momentum is weakening, and prone to turning negative on Thurs’.
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VIX’daily
Volatility was ground lower, the VIX settling -1.3% to 14.72. Momentum ticked lower for a second day, if remaining on the high side. I’d note yellow gap… which would arguably sync with SPX teal gap.
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Looking ahead by 6pm EDT