US equity indexes closed very significantly lower, SPX -104pts (1.7%) at 6013. Nasdaq comp’ -2.2%. Dow -1.7%. The Transports settled -2.6%. R2K -2.9%
sp’daily5
nasdaq comp’
r2k – via proxy IWM
transports
Summary
SPX: a second day lower, printing 6008, and settling -1.7% to 6013. Momentum turned negative. A daily close <6K would offer a tag of red gap.
NAS: a second day lower, settling -2.2% to 19524, unable to hold the 50dma. Momo due to turn negative on Monday.
R2K: a third day lower, settling -2.9% to 217.71… on the 200dma. Today’s candle is bearish engulfing, and leans net bearish for Monday.
Trans: a third day lower, settling -2.6% to 16034, skewed by downside in FedEx (-5.3%). Today’s candle is spiky from around the 200dma.
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VIX’daily
Volatility spiked, the VIX printing 19.03, and settling +16.3% to 18.21. Momentum ticked upward, turning marginally positive.
VIX weekly
The VIX saw a net weekly gain of +23.3%. Weekly momentum has turned fractionally positive. Upper bollinger offers the 21s.
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a little more… by 6pm EST