Closing Brief

US equities closed somewhat mixed, sp -1pt @ 1984 (intra low 1978). The two leaders - Trans/R2K, settled -0.4% and -1.2% respectively. Near term outlook is for another micro wave lower to sp'1973/70 zone, before renewed upside.


sp'60min

Summary

Pretty tiresome day....

We're still in a slow down trend, and the low sp'1970s look a reasonably easy target. The only issue is do we floor there... and then a new multi-week up wave...into October.

Right now,..... I'd guess yes.
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The usual bits and pieces to wrap up the day... across the evening.
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more later... on the VIX