Tuesday, 17 February 2026

Not so pretty

US equity indexes closed somewhat mixed, SPX +7pts (0.1%) at 6843. Nasdaq comp' +0.1%. Dow +0.1%. The Transports settled +1.0%. R2K +0.04%

SPX - daily



VIX - daily



Summary

US equities opened choppy, with the SPX taking a swing lower to 6775. From there... a few bounce attempts, printing a high of 6866, and settling at 6843. Underlying price action is not so pretty, as net downside to around 6600 looks increasingly probable... whether next week, or first week of March.

Volatility saw an early high of 22.96, if cooling back to settle -1.5% to 20.29. 

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