Wednesday, 1 April 2015

Closing Brief

US equities closed pretty weak, sp -8pts @ 2059 (intra low 2048). The two leaders - Trans/R2K, settled lower by -0.8% and -0.1% respectively. Near term outlook offers a test of the 2039 low... which looks set to fail.. and opening the door to a more critical test of the 200dma in the sp'2013/15 zone next week.



*a bit of a choppy closing hour, but still..   a red close :)

A second day for the equity bears.. and the 'Monday nonsense' has been fully negated.

Frankly.. its looking rather good for a test of the 200dma next week. Things really only get interesting on a break of that though. If so.. then target will be the 1960/40 zone.

more later... on the VIX