Closing Brief

US equities closed moderately higher, sp +10pts at 1952 (intra range 1937/65). The two leaders - Trans/R2K, settled higher by 0.9% and 0.4% respectively. Near term outlook is for continued upside into the sp'2000s, the 2050/70 zone remains viable on a brief FOMC hyper-spike.


sp'60min

Summary

*closing hour: some distinct weakness, but with the micro 5min cycle putting in a clear floor.. it bodes for opening gains tomorrow.
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Little to add.

Clearly, despite some early weakness, the market was able to battle upward, and the sp'2000s remain on track next week.

*I hold long overnight via DIS and USO. 
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more later.. on the VIX