US equity indexes closed on a positive note, sp +17pts (0.5%) at 3453. Nasdaq comp’ +0.2%. Dow +0.5%. The Transports settled +0.2%.
sp’daily5
nasdaq comp’
transports
Summary
SPX: a day of considerable chop, settling +17pts (0.5%) to 3453. Today’s candle made for another lower high and lower low. Momentum turned negative. Supports of 3415, and then psy’3400. Any daily close <3400 would merit s/t alarm bells, with lower bollinger currently at 3295.
NAS: settling +21pts (0.2%) to 11506. Today’s candle is black, and leans bearish into the weekend. Momentum turned negative. Note the 50dma in the 11200s.
Trans: settling +23pts (0.2%) to 11748. Momentum turned negative. Note the 50dma in the 11300s.
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VIX’daily3
VIX saw an early high 30.12, and settling -1.9% to 28.11. Momentum ticked lower, as the 30s are clear resistance… equating to the low sp’3400s. A break AND hold >30 appears probable. For that… will need a lack of news, or outright adverse ‘no agreement’ on stim bill 4.
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Looking ahead by 6pm EST