Closing Brief

US equities closed rather weak, sp -4pts @ 2076 (intra high 2089). The two leaders - Trans/R2K, settled +0.5% and -0.6% respectively. Near term outlook is very mixed, but  breaking the key low of sp'2039 looks damn difficult.. not least with Fed officials issuing sporadic threats.


sp'60min

Summary

*a pretty weak closing hour (to my surprise).. and those short-stopped in the morning will be understandably pissed right now.
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So.. net daily declines for most indexes, and today is clearly a moderate fail for the bull maniacs.

Overall price action/structure remains an absolute mess.
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more later... on the VIX