Closing Brief

US equities closed moderately higher, sp +13pts @ 2080 - having swung strongly higher (intra high 2086) from an opening low of 2056. The two leaders - Trans/R2K, settled -0.4% and +0.4% respectively. Near term outlook is bearish, with another attempt to take out the key 2039 low by Wed/Thursday.


sp'60min

Summary

*closing hour was pretty weak.
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... well, that is one way to start the week..

Market washes out the weaker bulls at the open... but then reverses... from 2056 to 2086.. .a full 1.5% swing.

Yet.. closing hour weakness, a BREAK/fail of the bullish F flag... and the setup is now very bearish across tomorrow, and probably the rest of the week.
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more later... on the VIX