Closing Brief

US indexes saw moderate weakness across the day, sp -3pts @ 1849 (intraday range 1842/55). The two leaders - Trans/R2K, settled -0.2% and -0.3% respectively. Near term outlook is for a dynamic drop to the 1800/1790 zone within the next few days.


sp'60min

Summary

*a choppy closing hour, but the weakness was still there.
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All things considered, today was useful for the bears. We saw a hit of the lower bollinger on the daily, and that itself is now starting to roll lower.

I am seeking a major one day fall of sp' -30/40pts, whether tomorrow..or next week...I will be here for it.
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more later..on the VIX