Closing Brief

US indexes saw the biggest two day decline since May 2012, with the sp -38pts @ 1790. The two leaders - Trans/R2K, fell a very significant -4.1% and -2.4% respectively. With the break <sp'1815, upside targets are negated, and there is further downside to 1780/60.


sp'60min

Summary

*with a little drama via the google Blogger server dropping offline this afternoon, I'm tired..so..I'm keeping this short.
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It was the biggest weekly decline for the sp' since May'2012...when we closed @ 1295..which sure seems a disturbingly long way down. With the break <sp'1815...near term downside ...1780/60..with VIX 19/20
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I will endeavour to add all the usual bits and pieces to wrap up the day..across the evening.

Have a good weekend.
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*the weekend post - late Saturday, will be on the US weekly indexes