US equity indexes closed mixed, SPX +14pts (0.2%) at 6144. Nasdaq comp’ +0.1%. Dow +0.2%. The Transports settled -1.5%. R2K -0.4%
sp’daily5
nasdaq comp’
r2k
transports
Summary
SPX: an early low of 6111, but leaning back upward to print a new hist’ high of 6147, and settling +0.2% to 6144. Today’s candle was bullish engulfing, suggestive of a higher high on Thurs’.
Best guess… initial Thurs’ upside, but swinging lower… on whatever ‘excuse’.
—
NAS: a fifth day higher, settling +0.1% to 20056. Tuesday’s black candle briefly/marginally played out.
R2K: settling -0.4% to 226.40. Today’s candle is a hollow red reversal, and leans s/t bullish, if only early Thurs’.
Trans: settling -1.5% to 16547. Momo has started to tick back lower. Net bearish into the weekend.
–
VIX’daily
Volatility remained subdued, the VIX settling -0.5% to 15.27. Momentum ticked a little higher, if remaining marginally negative. Tuesday’s black candle played out. Today’s candle is a hollow red reversal, suggestive VIX will be positive on Thursday.
In theory, VIX could see a mini spike to around 18, the 19/20s on a stretch.
–
Looking ahead by 6pm EST