US equity indexes closed very mixed, SPX -1pt (0.04%) at 4221. Nasdaq comp’ +0.9%. Dow -0.6%. The Transports settled -2.1%.
sp’daily5
nasdaq comp’
transports
Summary
SPX: a third consecutive day lower, settling -1pt (0.04%) to 4221. Momentum has turned negative, with no sign of a s/t floor/turn. Friday is quad-opex, and that will bode for considerable chop. Its possible the market makers would prefer a settlement around psy’4200, before resuming broadly upward into end month, and across Q2 earnings in July/August.
NAS: settling +121pts (0.9%) to 14161. Today’s high of 14196 was just 15pts (0.1%) shy of breaking a new hist’ high… as appears due.
Trans: a second consecutive day lower, the ninth day lower of twelve, settling -318pts (2.1%) to 14820. Cyclically very low. RSI 34s… is nearing the key 30 oversold threshold.
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VIX’daily
With considerable equity chop, the VIX was ground lower, settling -2.2% to 17.75. Momentum continued to tick upward, and is marginally positive. The Wednesday and Thursday candles are both spiky from the 19s… as volatility appears set to be ground lower into the weekend.
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Looking ahead by 6pm EST