US equities closed moderately weak, sp -8pts @ 1953 (intra low 1948). The two leaders - Trans/R2K, both settled lower by around -0.4%. Near term outlook is for subdued price action into Thursday, before a major break... to the upside. The sp'2000s still look probable before the bears have another opportunity of downside.
sp'60min
Summary
A relatively quiet start to the week... and really, little else needs to be said.
Best guess remains... a hyper-spike on the FOMC decision (regardless of whatever they decide).
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*for now, I won't be short this market... would consider DIS in the $102s.
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more later... on the VIX
