Closing Brief

US equities closed with moderate gains, and well below the earlier highs.. sp +9pts @ 2035 (intra high 2055). The two leaders - Trans/R2K, settled higher by 0.8% and 0.4% respectively. Near term outlook is offering another wave lower, a primary target of sp'2000 by next Wednesday.


sp'60min

Summary

A very entertaining closing hour, with two thirds of the morning gains evaporating.

Perhaps even more telling, despite the net daily gains, VIX has already broke back into the 20s.

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With the dynamic moves today.. a full set of updates to wrap up the day.. across the evening...