US equity indexes closed a little mixed, SPX +4pts (0.1%) at 5667. Nasdaq comp’ +0.5%. Dow +0.1%. The Transports settled -0.2%. R2K -0.6%
sp’daily5
nasdaq comp’
r2k – via proxy IWM
transports
Summary
SPX: a morning low of 5603, but seeing a latter day recovery to 5670, and settling +0.1% at 5667. Thursday’s reversal candle played out. Today’s candle is bullish engulfing. Momentum has turned positive.
I’d note green gap, with the 50% fib’ retrace at 5826.
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NAS: settling +0.5% to 17784. Thursday’s reversal candle played out. Today’s candle is bullish engulfing.
R2K: settling -0.6% to 203.86. Thursday’s reversal candle failed to play out. Today’s candle is another reversal candle, and leans s/t bullish.
Trans: printing a new multi-year low of 14244, but recovering to settle -0.2% to 14608. Today’s candle is a spiky hollow red reversal, and leans s/t bullish.
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VIX’daily
Volatility was a little mixed, the VIX printing 21.04, but cooling back to settle -2.6% to 19.28. Thursday’s reversal candle initially played out. Momentum weakened for an eighth day. Today’s candle is bearish engulfing. Lower bollinger offers the 17s.
VIX weekly
Volatility cooled for a second week, net lower by -11.4%. Weekly momentum is offering a rollover, and could easily tick lower into April.
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a little more… by 6pm EST