U.S. Markets closed

Equities continue to face pressure

David Russell (david.russell@optionmonster.com)

Equity indexes declined again yesterday, continuing to retreat from all-time highs last week, while the CBOE Volatility Index rose back above the 14 level.

The S&P 500 fell 8.07 points, or 0.47 percent, to 1701.84. It lost ground early in the session before settling into a range between 1698 and 1705. Resistance is Thursday's high of 1730, and support is at 1670.

The Nasdaq 100 shed 5.39 points, or 0.17 percent, to finish at 3219.34--one session after hitting a 13-year intraday high of 3248.52. That will now likely be resistance and 3150 is support.

The Russell 2000 lost 0.70 points, or 0.07 percent, to close at 1072.13. It has resistance at last week's all-time high of 1080 and support at 1050.

The VIX popped 1.14 points to end the session at 14.26. Nonetheless, it closed well below its intraday high of 14.71 and remains below its 200-day moving average.

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