US equity indexes mostly closed on a positive note, SPX +30pts (0.6%) at 4796. Nasdaq comp’+1.2%. Dow +0.7%. The Transports settled -1.1%. R2K +1.3%
sp’daily5
nasdaq comp’
r2k
transports
Summary
SPX: opening shaky gains… seeing an early low of 4758, with a secondary push upward to settle +30pts (0.6%) to 4796. Today’s candle is bullish engulfing candle, and leans distinctly s/t bullish. I’m still suspicious we’ll see some cooling to 4700… before >4808. Maybe we should be looking for a turnaround Tuesday?
NAS: settling +1.2% to 15832. S/t price structure is a bull flag, and today offers no sign of a s/t ceiling/turn.
R2K: settling +1.3% to 225.35. Today’s candle is spiky from green gap, and leans somewhat bearish. S/t vulnerable… but I do expect a decisive push >228s.
Trans: settling -1.1% to 16302. Today’s candle is bearish engulfing, and leans distinctly s/t bearish.
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VIX’daily
Volatility was subdued, the VIX settling -3.6% to 16.60. Momentum still ticked upward. Some cooling to around sp’4700 should sync with VIX 19/20s.
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Looking ahead by 6pm EST