Closing Brief

US equity indexes closed moderately mixed, sp -4pts @ 2093 (intra low 2088). The two leaders - Trans/R2K, settled +0.1% and -0.2% respectively. Near term outlook is for a daily close under the 200dma (2070), which will offer clarity that the US market has already maxed out for the summer.. and year.


sp'60min

Summary

*closing hour.. a few minor swings.. much like yesterday.
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So... a lot of chop today, but equity bears have the edge.. and we look set for more significant downside later this week.

Things will get interesting on a daily close under the 200dma (2070)... which seems highly probable.

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more later... on the VIX