Closing Brief

US equities closed broadly weak, sp -14pts @ 2094 (intra low 2091). The two leaders - Trans/R2K, settled -0.4% and -0.3% respectively. Near term outlook is uncertain into next week, with some stocks (such as INTC) suggestive of weakness across next week.


sp'60min

Summary

*closing hour was mostly choppy, price structure on the smaller 5/15min cycles is a bearish flag... and is certainly suggestive of downside follow through at the Monday open.
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... and another week comes to close.

Certainly, I am surprised at the renewed weakness today, so much a net weekly gain! The sp'2072 low is looking vulnerable early next week.. if that fails.. a test of the rising 200dma in the 2050s will be due.

Amongst everything I watch... INTC is the most bearish signal I am seeing.

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