Closing Brief

US equity indexes closed significantly lower, sp -23pts @ 2081 (intra low 2072). The two leaders - Trans/R2K, settled lower by -0.7% and -1.6% respectively. Near term outlook is now very uncertain, not least with the China market set to see a major opening Monday decline of 5% or so.


sp'60min

Summary

... and yet another week in the world's most twisted casino comes to a close.

The two week run for the bulls is over.. .with all indexes seeing somewhat significant net weekly declines.

However, until the recent low of sp'2039 is taken out.. this is much the same style of price action that we've been seeing since the start of the year.

Have a good weekend.
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*the usual bits and pieces to wrap up the week... across the evening...