US equity indexes closed on a positive note, SPX +37pts (0.5%) at 7431. Nasdaq comp’ +0.3%. Dow +0.7%. The Transports settled +0.3%. R2K +0.9%
sp’60min
Summary
closing hour action: minor chop. S/t momentum weakened a little more, settling on the high side.
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… and that concludes the week. A positive end to the week, but the weekly candle put in a lower high and lower low… not so bullish. The s/t cyclical setup favours the bears, but I’d not expect much for what will be a holiday week.
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notable bond yield proxy: TNX
US 10yr yield leaning upward, getting stuck around 4.50%
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notable bond ETF: TLT
Long bonds a little lower
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notable crypto: Bitcoin
S/t structure is still a bear flag
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Sunny, but endless reminders of the wretched populace I am surrounded by.
You Americans… were born lucky. Have a good evening
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More later on the VIX and Indexes, by 6pm EDT