US equity indexes closed significantly higher, SPX +78pts (1.2%) at 6875. Nasdaq comp’ +1.2%. Dow +1.2%. The Transports settled +3.1%. R2K +2.0%
sp’daily5
nasdaq comp’
r2k
transports
Summary
SPX: a high of 6910, settling +1.2% to 6875. Daily momentum ticked a little lower, and is prone to ticking back upward. At the current rate, momo might turn positive as of next Tuesday, as a monthly close >7K looks probable.
NAS: settling +1.2% to 23224. Today’s candle is bullish engulfing.
R2K: new hist’ high of 268.59, and settling +2.0% to 267.73. Yesterday’s hollow red reversal candle played out.
Trans: new hist’ high of 18526, settling +3.1% to 18412. Daily momo due to turn positive. Big target 20K
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VIX’daily
Volatility was crushed, the VIX settling -15.9% to 16.90. Daily momentum has started to tick back lower, prone to turning negative next Tuesday.
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Looking ahead by 6pm EST