Closing Brief

US equities saw some rather dynamic swings across the day, with the sp'500 settling +25pts @ 2020 (range 2021/1980). The two leaders - Trans/R2K, settled 1.5% and 0.9% respectively. Near term outlook is increasingly bearish, with viable downside to sp'1920/00, along with VIX in the 30s.


sp'60min

Summary

*pretty strong closing hour ramp.. as resistance is broken... and held.
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Suffice to add....an interesting start to the week.. as the market battles (if somewhat vainly) to hold together.

Even if Tuesday sees further gains to around 2025.. there looks to be HIGH probability of renewed downside across the next 9 trading days.
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*I will be looking to pick up an index short position tomorrow morning (my first since late Oct).
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more later... on the VIX