US equity indexes closed very significantly lower, SPX -91pts (1.5%) at 5827. Nasdaq comp’ -1.6%. Dow -1.6%. The Transports settled -1.1%. R2K -2.1%
sp’daily5
nasdaq comp’
r2k – via proxy IWM
transports
Summary
SPX: opening broadly lower to 5807, bouncing to 5866, and settling -1.5% to 5827. Today’s candle is a little spiky from the lower bollinger, but I’d be open to a full fill of Trump/orange gap to 5782, as is clearly in range next Mon/Tues’.
NAS: a third day lower, settling -1.6% to 19161… under the 50dma… for the first time since early Sept’. Trump/orange gap… partly unfilled… 18500/400s.
R2K: a third day lower, settling -2.1% to 216.96… nearing the 200dma in the 213s.
Trans: settling -1.1% to 15923. Mostly… its been a few weeks of chop, with this week still settling above the 200dma.
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VIX’daily
Volatility picked up, the VIX printing 20.31, if cooling back to settle +10.4% to 19.54. Today’s candle is a little spiky from the key 20 threshold. Momentum ticked upward, and is marginally positive.
VIX weekly
Volatility was higher for the fourth week of five (an appropriate mirror to the SPX), by +21.1%. Weekly momentum ticked upward, settling fractionally positive. Upper bollinger offers the 22s, but even if printed, with next week seeing an OPEX ahead of a THREE day break, I’d look for VIX to be ground net lower.
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a little more… by 6pm EST