US equities closed significantly higher, sp +30pts @ 2053. The two
leaders - Trans/R2K, settled higher by 0.5% and 0.8% respectively. Near
term outlook is for broad upside into the next FOMC of Dec'16th. From
there... it really is up to the Fed. If no rate rise... uncertainty and
lack of confidence will return to world capital markets.
sp'daily5
Dow
Summary
Suffice to say.. we have bullish engulfing candles all over the place... offering a strong floor from sp'2019.
The 2100s look due within a few weeks... and then a challenge of historic highs before year end.
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a little more later....
