US equity indexes closed rather mixed, sp +15pts (0.5%) at 2738. Nasdaq comp' -0.4% at 7328. The two leaders - Trans/R2K, both settled u/c. VIX settled +2.3% at 19.96. Near term outlook offers cooling to the sp'2690/80s, with VIX 22/23s.
The week began on a choppy note, but this is rather natural ahead of the midterm election results. The sp' saw an early low of 2717, swinging upward to 2744, on spurious poll data that suggested the Republicans might hold the house and senate.
Volatility saw an early high of 20.87, but then melted lower to settle in the upper 19s. S/t equity price structure isn't so bullish, a cooling wave of 1.5-2.0% to the sp'2690/80s is a high threat within 1-2 days.
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