US equity indexes closed rather mixed, SPX +24pts (0.4%) at 5495. Nasdaq comp’ +0.8%. Dow -0.2%. The Transports settled -0.2%. R2K -0.1%
sp’daily5
nasdaq comp’
r2k
transports
Summary
SPX: an early high of 5495, cooling back to 5441, with a latter day recovery to settle at +0.4% to 5495. Today’s candle is very spiky on the lower side, and leans bullish, if only early Wed’. Prime target for Wed/Thurs’ is gap’2… 5350s, and then lean upward into the FOMC.
NAS: settling +0.8% to 17025. Today’s candle is net bullish, if only early Wed’. Bears could argue s/t structure is a bear flag. A break <200dma would merit alarm bells.
R2K: settling -0.1% to 208.33. Yellow gap filled. S/t bearish, and I’d note the 200dma in the 201s.
Trans: settling -0.2% to 15609. Momentum ticked lower, and is on the moderately low side.
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VIX’daily
Volatility was a little mixed, the VIX printing a 12pm high of 20.74, but cooling back to settle -1.9% to 19.08. Momentum ticked lower for a second day, if remaining marginally positive. You could argue structure is a bull flag, offering the 24/25s with SPX 5350, before cooling back into the FOMC.
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Looking ahead by 6pm EDT