US equity indexes closed mixed, SPX -1.9pts (0.03%) at 5980. Nasdaq comp’ +0.1%. Dow -0.1%. The Transports settled +0.25%. R2K +0.5%
sp’daily5
nasdaq comp’
r2k
transports
Summary
SPX: the fourth day lower of six, settling -0.03% to 5980. I’d note the lower bollinger at 5816, which would be the most bearish s/t scenario.
NAS: settling +0.1% to 19546. I would note the intersecting 50 and 200dma in orange gap… which would be the most bearish s/t scenario.
R2K: settling +0.5% to 209.55. Today’s candle is bullish engulfing, suggestive Friday will be positive at some point.
Trans: settling +0.25% to 14725. Momentum ticked a little lower, and remains marginally negative.
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VIX’daily
Volatility was mixed, the VIX printing 21.12, and cooling to settle -6.8% at 20.14. Momentum is flat-lining on the marginally positive side.
The default… is for VIX to be ground lower into the weekend. However, the Israelis or Iranians might have something to say about that, as a lot can happen between now and Friday 4pm EDT
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Looking ahead by 6pm EDT