US equity indexes closed mixed, SPX +2pts (0.03%) at 6068. Nasdaq comp’ -0.4%. Dow +0.3%. The Transports settled +0.4%. R2K -0.6%
sp’daily5
nasdaq comp’
r2k
transports
Summary
SPX: another day of considerable chop, settling +0.03% at 6068. Unless >6100, I still expect a washout to 5905, as looks viable Thursday.
NAS: settling -0.4% to 19643. Today’s candle is a hollow red reversal, and leans s/t bullish.
R2K: settling -0.6% to 225.72. Monday’s black candle played out. Today’s candle is a hollow red reversal, and leans s/t bullish.
Trans: the fifth day higher of six, settling +0.4% to 16376. Momo prone to turning positive, but I’m inclined to look for a stall from just under the 50dma.
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VIX’daily
Volatility remained subdued, the VIX settling +1.3% to 16.02. Momentum is flat-lining, on the marginally negative side. If SPX 5905… then VIX 19/20s… briefly.
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Looking ahead by 6pm EST