Closing Brief

US equity indexes closed moderately higher, sp +11pts @ 2096 (intra low 2082). The two leaders - Trans/R2K, settled -0.3% and +0.7% respectively. Near term outlook is for upside into the 2100/10 zone.. before resuming lower after the FOMC/Yellen are out of the way.


sp'60min

Summary

*closing hour.. very minor chop... naturally.
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A day for the equity bull maniacs...  but we saw a double floor of sp'2099 recently, and that sure didn't work out so well.

I would guess 2072 is not a key low.. and we'll at least resume falling to the low 2050s.. where there are a wheel barrow of aspects of support (not least the monthly 10MA).

*I will consider hitting some buttons tomorrow (short side).. probably via INTC, which has one of the more bearish price structures out there.
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Have a good evening

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more later... on the VIX