Closing Brief

US equities closed weak, sp -7pts @ 2106 (intra low 2097). The two leaders - Trans/R2K, settled lower by a significant -1.2% and -1.0% respectively. Near term outlook offers a little further weakness, whilst the broader trend remains strongly bullish... with the sp'2170/80s viable by mid June.


sp'60min

Summary

Suffice to say.. an interesting and rather good day for yours truly.
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Despite the net daily index declines, it remains the case that the equity bears just can't muster any significant.. or sustained downside.

VIX continues to reflect a market with next to zero concern about anything, least of all a GREXIT.

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more later.. on the VIX