Closing Brief

US equities closing moderately weak, after a very wild Fed day, sp -5pts @ 1990 (intra high 2020). The two leaders - Trans/R2K, settled higher by 0.4% and 0.5% respectively. Near term outlook is for renewed upside, at least to test the 2020 high.. but with the 2040s almost as viable.. more likely next Mon-Wed.


sp'60min

Summary

... and another crazy day in the casino comes to a close.

So.. with no fed hike....the market jumped to a new cycle high of sp'2020, but then saw a rather fierce down swing to the 1980s.

Best guess.... renewed upside... before another big rollover into Oct.

*I am on the sidelines.. and looking to launch a short position.... within 1-4 trading days.
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more later... on the VIX