US equity indexes closed mixed, SPX -13pts (0.2%) at 7723. Nasdaq comp’ -0.8%. Dow +0.5%. The Transports settled -0.9%. R2K -0.5%
sp’daily5
nasdaq comp’
r2k
transports
Summary
SPX: new hist’ high of 7793, cooling to 7720, and settling -0.2% to 7723. Daily momentum is still increasingly positive. I’d be open to -100pts on Thurs’… to back test the old hist’ high of 7620.
NAS: settling -0.8% to 26363. Cooling to 26K would be natural… not least for a Thursday.
R2K: new hist’ high of 303.06, but cooling back to settle -0.6% to 299.77.
Trans: settling -0.9% to 21577. S/t bears could argue structure is a bear flag.
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VIX’daily
Volatility was mixed, with the VIX seeing a brief hyper spike to 18.43 for no good reason, if imploding back lower to settle -4.2% to 15.81. Daily momentum weakened a little more.
So what happened around 11am… ‘Ghosts… within the machine’?
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Looking ahead by 6pm EDT