Closing Brief

US indexes saw some interesting swings, sp +10pts @ 1878 (intraday low 1859). The two leaders - Trans/R2K, settled +0.6% and +0.1% respectively. Near term outlook is moderately bullish, with new historic highs in the Dow/SP/Trans, viable within the next 2-4 trading days.


sp'60min

Summary

Well, that is day'1 of Yellen out of the way, just another one to get through tomorrow, and soon it will be the weekend again!
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For me, the price action is simply not particularly bearish in style. The fact the VIX is lacking any sig' upside kick, just reaffirms my view that the underlying pressure remains... UP.

it would seem we are merely seeing the big institutions selling the R2K/Nasdaq, and buying the SP/Dow/Trans.

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more later..on the VIX