Wednesday, 11 June 2014

Closing Brief

US indexes closed moderately lower, sp -6pts @ 1943.  The two leaders - Trans/R2K, settled lower by -0.8% and -0.5% respectively. Near term outlook is bullish into the sp'1960s, by the FOMC of June'18.


sp'60min


Summary

Little to add.

Today's minor declines, regardless of whether you want to call it a sub 4.. or D wave, I still expect further upside into early next week.
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the usual updates across the evening.
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more later..on the VIX