US equity indexes closed on a positive note, SPX +32pts (0.5%) at 6038. Nasdaq comp’ +0.6%. Dow +0.25%. The Transports settled +1.3%. R2K +0.5%
sp’daily5
nasdaq comp’
r2k
transports
Summary
SPX: the sixth day higher of seven, printing a new cycle high of 6043, settling +0.5% to 6038. RSI 67s. Despite the new high… daily momo remains negative.
NAS: printing a new cycle high of 19730, and settling +0.6% to 19714. RSI 69s… almost overbought. Despite the new high… daily momo remains negative.
R2K: the sixth day higher of seven, settling +0.5% to 214.43. Today’s candle is a black doji from the 200dma. Leans s/t bearish.
Trans: a third day higher, settling +1.3% to 15171. Momentum has turned positive.
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VIX’daily
Volatility remained subdued, the VIX settling -1.2% to 16.95. Monday’s black candle played out. Daily momentum remains fractionally positive… an appropriate mirror to the SPX. Upper bollinger offers a mini spike to the 20/21s.
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Looking ahead by 6pm EDT