US equity indexes mostly closed on a weak note, SPX -25pts (0.4%) at 6370. Nasdaq comp’ -0.3%. Dow -0.3%. The Transports settled -0.1%. R2K +0.2%
sp’daily5
nasdaq comp’
r2k
transports
Summary
SPX: a fifth consecutive net daily decline, settling -0.4% to 6370. Daily momentum is increasingly negative… with ZERO sign of a floor/turn. Multiple supports 6270/60s… should hold.
NAS: the fifth day lower of six, settling -0.3% to 21100. S/t bearish.
R2K: settling +0.2% to 225.84. Momentum continued to weaken, prone to turning negative on Friday.
Trans: settling -0.1% to 15589. Today’s candle is a hollow red reversal candle, but I’m rather dismissive of it.
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VIX’daily
Volatility climbed for the fifth day of six, settling +5.8% to 16.60. Daily momentum has turned positive. Upper bollinger offers the 18/19s… with SPX 6270/60s.
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Looking ahead by 6pm EDT