Closing Brief

US equity indexes closed significantly lower, sp -21pts @ 2085 (intra low 2077). The two leaders - Trans/R2K, settled lower by -1.2% and -2.1% respectively. With April ending on a dour note, near term outlook is moderately bearish. It is highly notable that core rising support for the sp'500 will be around 2025 in May.


sp'60min

Summary

... and that is one third of the trading year now complete.

Clearly, a day for the bears across all indexes.

*I will cover the monthly indexes more later, but for now, suffice to say... Trans/R2K saw a sig' net monthly decline, whilst the sp'/dow/nas/NYSE comp' both managed moderate gains.
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I remain on the sidelines... eyes on long Euro and Oil... but with the markets as they are... I'm starting to wonder about China... which is offering a rollover.. back to 4K.

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more later... on the VIX