Closing Brief

US equities closed moderately mixed, sp -2pts @ 2109 (intra low 2099). The two leaders - Trans/R2K, both settled higher by around 0.2%. Near term outlook is for further weakness to the 2090/80 zone, and then renewed strength into the next FOMC of June 17th.


sp'60min

Summary

*a pretty weak closing hour... much like yesterday
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So.. once again the market has got stuck at declining trend/resistance.. this time maxing out at sp'2117, a mere 2pts below yesterdays high.

There is an awful lot of econ/events scheduled across the rest of the week, I find it hard to believe the equity bears won't be able to at least briefly whack the market into the sp'2080s.

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more later... on the VIX