US equity indexes are due to settle very mixed. Once again… the SPX and Nasdaq are leading… whilst the Dow, Trans, and R2K are lagging. VIX is due to settle in the 17/18s.
sp’60min
VIX’60min
Summary
Well, regardless of the exact close, an ugly morning, but an even stronger rebound, with the SPX due to settle moderately higher. The s/t cyclical setup favours the bears… just as it did yesterday afternoon.
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notable stock: DIS
Disney has around $10 of downside buffer, before alarm bells would be merited (<78.00).
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notable semicon: NVDA
Structure IS a bear flag.
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notable car: TSLA
Tesla prone to settling red, if far above the morning lows.
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notable stock: AMZN
The current candle is bullish engulfing, with a rather powerful floor spike, and leans net bullish, if only early Thurs’.
back at the close…