Closing Brief

US indexes saw weakness into the close, sp' -5pts @ 1841. The two leaders - Trans/R2K, settled -0.1% and +0.4% respectively. Near term outlook is for a minor bounce to the 1865/75 zone into the FOMC announcement of next Wednesday afternoon. From there.... the real fun should begin.


sp'60min'1c

Summary

*the closing hour was indeed somewhat weak, with a marginal break into the 1830s.
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So...we've swung from 1882 on Tuesday.. down to the 1830s, with the VIX breaking into the 18s.

All things considered, the market 'tremors' continue to increase, and we're headed a long way lower, first primary target is the Feb' low of 1737.

The usual bits and pieces across the evening.

Have a good weekend everyone!
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*the weekend post will be on the US weekly indexes