VIX up as SPX hits another high
Equity indexes were mixed and little-changed at the end of yesterday's session, with the S&P 500 barely making new highs and the CBOE Volatility Index rising slightly.
The S&P 500 was up 0.97 points, or 0.05 percent, to 1987.98. That was a new all-time closing high for the SPX, which also posted an intraday record of 1991.39. Support is at 1955.
The Nasdaq 100 slipped 3 points, or 0.08 percent, to 3983.19. The NDX did reach a new 13-year intraday high of 3997.50. It has support at 3875.
(When equity indexes are at highs, further resistance levels are obviously projections not based on previous trading patterns. We therefore will refrain from listing any.)
The Russell 2000 fell 1.85 points, or 0.16 percent, to 1156.26. The small-cap index has resistance at 1180 and support at 1120.
The VIX gained 0.32 points, or 2.78 percent, to 11.84. The nine-day CBOE Short-Term Volatility Index (:VXST) climbed 0.05 points, or 0.46 percent, to 10.88.
The VIX futures followed the spot volatility index higher, with August contracts closing at 13.20 and September futures at 14.05. That left the iPath S&P 500 VIX Short-Term Futures Note (VXX) down 0.67 percent to $27.99.
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