Closing brief

US indexes saw some moderate swings across the day, with the sp'500 settling +8pts @ 1865. The two leaders - Trans/R2K, settled +0.5% and u/c respectively. Near term outlook is uncertain, and market remains trapped within a tight 1883-34 zone.


sp'60min

Summary

A closing hour of very minor chop, and after the third consecutive reversal...the bulls did pretty well to get a close in the 1860s.
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Equity bears need to keep in mind that we're barely 1% from the historic highs, with two sig QE-pomo for Wed/Thursday, I'm now very concerned that we'll break to the upside.
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*I remain short, but with 'line in the sand' short-stops around sp'1884/85. If we go above there, a monthly close in the 1900s is viable, as hideous as that might sound.
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more later..on the VIX