US equity indexes closed a little mixed, sp -1pt at 2662. The two leaders - Trans/R2K, settled +0.3% and +0.5% respectively. VIX settled +2.6% at 10.18. Near term outlook still threatens a brief washout to the sp'2646/36 gap zone, before powering back upward into the 2680/700 zone.
sp: a new historic high of 2671, but settling fractionally lower, as cyclically, the market is s/t tired. A mini washout to the 2646/36 gap zone is possible, before swinging strongly back upward into the Christmas break. M/t... the sp'3K threshold is very much due by mid 2018.. something the mainstream are still not expecting.
Dow: a new historic high of 24666.02, settling higher for a fifth day, +0.3% at 24585. The 25K threshold is clearly due.. whether just before year end, or in early January.
The VIX remained subdued for much of the day, as the sp'500 broke a new historic high. However, with late afternoon (if only minor) cooling, the VIX clawed upward, settling +2.6% at 10.18. Near term offers a burst to the 11/12s - with sp'2640/30s. The key 20 threshold looks out of range for a very considerable time.
Looking ahead by 6pm EST