Thursday 17 December 2015

Closing Brief

US equities closed significantly lower, sp -31pts at 2041. The two leaders - Trans/R2K, settled lower by -2.0% and -1.2% respectively. Near term outlook offers threat of the sp'2025/20 zone, before surging back into the 2100s by Christmas Eve.


sp'60min



Summary

*closing hour action: a lot of chop.. but breaking a new intraday low in the closing minutes.
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With the lower hourly bollinger around 2038/37, the lower gap zone of 2025/21 is within range tomorrow morning.
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Maybe its just me, but it sure doesn't feel like we're currently net higher on the week by around 1.5%.

A week ago.... some were calling for a QUAD-OPEX crash to the 1900s.. or even 1800s... we're almost certainly not going under 2K again for the remainder of the year.

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more later... on the VIX