Closing Brief

US equities closed notably positive, sp +4pts @ 2114 (intra high 2121). The two leaders - Trans/R2K, settled higher by a significant 1.2% and 1.0% respectively. Near term outlook is mixed, with new historic highs due in some (certainly not all) indexes into the next FOMC of June 17th.


sp'60min

Summary

*closing hour was mild chop... nothing much for either side to tout.
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A bit of a messy day, but there was a clear morning upside break above resistance of sp'2115.

The daily close is borderline within the downward trend (from 2034), although the low sp'2080s look a damn tough challenge before the week concludes.

Best guess? Moderate chance of further weakness before the weekend, but new historic highs - in the 2160/80 zone look due within a few weeks.

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the usual bits and pieces across the evening to wrap up the day.