Closing Brief

US equities closed moderately higher, sp +4pts @ 2051 (intra high 2074) . The two leaders - Trans/R2K, settled higher by 0.6% and 0.4% respectively. Near term outlook is for renewed upside, but the market will need to see some sort of Greek deal provisionally agreed by early next week.. otherwise... new lows will occur.


sp'60min

Summary

*continued minor weakness in the closing hour. Price structure is still arguably a bull flag, although I realise some would be dismissive of that view, not least after the bulk of the morning gains dissolved across the day.
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The second consecutive daily close under the 200dma.

A tiresome day.... with a US market that seems hostage to the Greeks and the Chinese. For now.. I think I'll leave it at that.

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more later... on the VIX