Closing Brief

US equity indexes closed moderately lower, sp -9pts @ 2107 (intra low 2098). The two leaders - Trans/R2K, settled lower by -0.5% and -0.6% respectively. Near term outlook offers a minor retrace to the 50dma in the sp'2060s, whilst the broader trend remains powerfully to the upside.


sp'60min

Summary

In the scheme of things... a day of mere moderate weakness, but it does open the door to a minor retrace into the sp'2060s.

There is plenty of data in the coming days.. so Mr Market will have plenty of excuse for some more 'moderately' dynamic price action.

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more later... on the VIX