Monday, 9 November 2015

Closing Brief

US equity indexes closed significantly lower, sp -20pts @ 2078 (intra low 2068). The two leaders - Trans/R2K, settled lower by -0.3% and -1.3% respectively. Near term outlook offers the 2020s, along with VIX in the low 20s. Sustained action <sp'2K looks out of range.



*closing hour action: renewed upside, a touch of cooling in the closing minutes, but price structure remains a clear bear flag.

Suffice to add... the fourth consecutive net daily decline, with today being the first sig' decline since Sept'28th.

Further weakness to the 2020s looks very likely, but that will clearly take some days.. and probably drag into next week.

more later... on the VIX