Closing Brief

US equity indexes closed moderately lower, sp -11pts @ 2109. The two leaders - Trans/R2K, settled -0.4% and u/c respectively. Near term outlook is bearish for next week, as the Greek situation continues to spiral out of control. The recent double floor of sp'2072 looks highly vulnerable before month end.


sp'60min

Summary

*closing hour was some further weakness, but clearly, nothing significant.
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... a pretty interesting week, with the sp'500 starting the week on a down note.. to 2072.. but then a sharp 3 day ramp to 2126.

The increasing weakness into the weekend was entirely natural as a fair few traders understandably did not want to hold across the weekend.

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