US equity indexes mostly closed a little higher, SPX +6pts (0.2%) at 3669. Nasdaq comp’ -0.05%. Dow +0.2%. The Transports settled +0.4%.
sp’daily5
nasdaq comp’
transports
Summary
SPX: seeing an early low of 3644 (the upper end of Tuesday’s opening gap), and recovering to 3670 in the closing hour, and settling +6pts (0.2%) to 3669. Upper bollinger is offering the 3690s in the near term.
NAS: seeing a low of 12217, but settling -5pts (0.05%) to 12349. Today’s candle is a hollow red reversal, and leans s/t bullish, although upper bollinger is already being pressed against, and will be a s/t restraint.
Trans: settling +52pts (0.4%) to 12546. Yesterday’s (very subtle) black candle did play out… if only briefly in early morning. Upper bollinger is offering new hist’ highs in the 12900s.
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VIX’daily3
Volatility remained subdued, the VIX settling +1.9% to 21.17. Whilst the upper bollinger offers the 28s… its plunging like a rock, and will soon be a restraint in the 24/23s. A sustained VIX under the key 20 threshold appears probable within December.
Looking ahead by 6pm EST