US equity indexes closed a little mixed, SPX -2pts (0.05%) at 5851. Nasdaq comp’ +0.2%. Dow -0.02%. The Transports settled +0.4%. R2K -0.4%
sp’daily5
nasdaq comp’
r2k
transports
Summary
SPX: a day of considerable chop, settling -2pts (0.05%) to 5851. Today’s candle is a hollow red reversal, and leans s/t bullish. Momentum ticked lower, and is fractionally positive.
Upper bollinger stands at 5895, and will soon be offering the 5900s. Psy’6K looks viable on an election ‘thank god… that is out of the way’ spike.
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NAS: a fifth day higher, settling +0.2% to 18573. Today’s high of 18620 was just 51pts shy of the July hist’ high. Momentum remains fractionally positive.
R2K: a fourth day lower, settling -0.4% to 221.23. Momo prone to turning negative on Wed’
Trans: settling +0.4% to 16249. Today’s bounce is from what is a VERY key price threshold. For now… its still broad chop. Bullish >16800. Bearish <15k.
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VIX’daily
Volatility was ground lower for the 8th day of 11, the VIX settling -0.9% to 18.20. Momentum ticked lower for a TENTH consecutive day. Considering the election… the decline in volatility is surprising.
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Looking ahead by 6pm EDT