US equity indexes closed very significantly lower, SPX -79pts (1.6%) at 4982. Nasdaq comp’ -2.1%. Dow -0.8%. The Transports settled -2.7%. R2K -2.9%
sp’daily5
nasdaq comp’
r2k
transports
Summary
SPX: a morning high of 5267, but seeing a very powerful cooling wave to 4910, and settling -1.6% to 4982. Monday’s hollow red reversal candle initially played out. Daily momentum ticked a little lower, and is on the very low side. RSI 21s is VERY oversold.
—
NAS: a high of 16316, but settling -2.1% to 15267. RSI 22s… even more oversold.
R2K: swinging from a high of 185.92, to settle -2.9% to 174.28. Monday’s reversal candle initially played out. Today’s candle is borderline bearish engulfing.
Trans: a morning high of 13384, but swinging very powerfully lower, printing a new cycle low of 12470, and settling -2.7% to 12637. Today’s candle is bearish engulfing.
–
VIX’daily
Volatility was itself extremely mixed, the VIX printing a morning low of 36.48, if surging to 57.52, and settling +11.4% at 52.33. Monday’s black candle initially played out. RSI 85s is EXTREMELY high, and is NOT sustainable.
–
Looking ahead by 6pm EDT