Closing Brief

US equities closed moderately mixed, sp -0.7pts @ 2099. The two leaders - Trans/R2K, settled higher by 0.4% and 0.2% respectively. Near term outlook remains uncertain whilst the Greek situation remains unresolved, there is reasonable opportunity for a minor retrace to the 50dma in the sp'2045/50 zone.


sp'60min

Summary

*a closing hour of minor chop... seems we get selling around the sp'2100 threshold.. although not surprising after a 6% ramp from sp'1980.
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Another pretty dull day in market land.

Underlying pressure is clearly still to the upside, and the level of market confidence remains incredibly high.. despite the unresolved Greek situation.

Overall, I think we're due a retrace to the 50dma... with Greece being used an excuse.
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A daily wrap at 8pm EST.