US equity indexes mostly closed on a positive note, SPX +9pts (0.2%) at 5836. Nasdaq comp’ -0.4%. Dow +0.9%. The Transports settled +0.9%. R2K +0.2%
sp’daily5
nasdaq comp’
r2k
transports
Summary
SPX: an early low of 5773, but recovering to 5838, and settling +0.2% to 5836. Momentum still ticked lower, but is on the low side, and prone to swinging back into/across next week. Soft target is around 5900, and then 6K.
NAS: an early low of 18831, but recovering to settle -0.4% to 19088. Today’s candle is a hollow red reversal, and leans s/t bullish.
R2K: an early low of 213s, but settling +0.2% to 217.33. Today’s candle is a strong upside reversal from the 200dma… kinda similar to the key low in early August. Target 50dma 229s
Trans: an early low of 15875, but settling +0.9% to 16068. Today’s candle is a rather strong upside reversal from around the 200dma. I’d note the 50dma in the 16700s.
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VIX’daily
Volatility saw an early (cash market) high of 21.42, if cooling back to settle -1.8% to 19.19. Momentum ticked upward, but I have to expect volatility to broadly cool into OPEX/long weekend.
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Looking ahead by 6pm EST