Tuesday 4 November 2014

Closing Brief

US equities saw a day of moderate weakness ahead of the US elections, sp -5pts @ 2012. The two leaders - Trans/R2K, settled +0.3% and -0.4% respectively. Near term outlook is for the sp'1980/70s, along with VIX 17/18s.


sp'60min


Summary

I'm tired... suffice to say... price structure is offering a baby bear flag.... bearish for Wednesday... should have a fair chance of significant downside.
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I will post a daily wrap at 8pm EST.