sp'daily5
Nasdaq comp'
Summary
sp: a daily of minor chop. Note the settling black-fail doji candle, which does warn of s/t bullish exhaustion. Thursday's do tend to favour the equity bears. Soft downside would be the lower hourly bollinger, which will be in the 2680/70s tomorrow.
nas: a day of minor chop for tech, with the Nasdaq comp' settling +0.2% at 7295, notably holding above the 50dma. Thursday does threaten some cooling, soft support 7200, with secondary at 7k.
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VIX'daily3
With equities seeing a touch of cooling into the close, the VIX managed a net daily gain (intra high 16.90), settling +2.3% at 15.60. There is a notable upside gap of 19/20, which would surely equate to sig' downside in equities of 1.5-2.0%. Its something to keep in mind across the next few days.
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Looking ahead by 6pm EST