US equity indexes closed a little mixed, SPX +5pts (0.1%) at 3992. Nasdaq comp’ +0.4%. Dow -0.2%. The Transports settled +0.5%. R2K +0.05%.
sp’daily5
nasdaq comp’
r2k
transports
Summary
SPX: printing 3969, but settling +0.1% to 3992. Momentum subtly ticked upward, as the s/t setup favours the bulls. Upside resistance, 4078, and then green gap 4140s.
I’d especially note the upper bollinger – currently 4166, and that will have declined to around 4100 as of next Monday… with CPI due on Tuesday.
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NAS: printing 11487, but settling +0.4% to 11576. Momentum ticked upward. S/t bullish, at least for a day or two.
R2K: printing 185.12, but settling +0.05% to 186.61. Today’s candle is black, but its spiky from a key price threshold, and I lean s/t bullish.
Trans: printing 14709, but recovering upward to settle +0.5% to 14866. Momentum subtly ticked upward, as the s/t setup favours the bulls.
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VIX’daily
Volatility was ground lower, the VIX settling -2.4% to 19.11. Momentum ticked lower, and remains on the moderately low side.
Best guess… equities to climb for 2-3 days, with VIX net lower into the weekend.
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Looking ahead by 6pm EST