Closing Brief

US equities closed distinctly weak, sp -0.9pts @ 1931 (intra high 1952). The two leaders - Trans/R2K, settled +0.9% and -1.3% respectively. With the Friday afternoon reversal, the hourly/daily cycles are set up particularly bearish for the Monday open... the door remains open to 1867.. and then 1820 by end of next week.


sp'60min

Summary

*closing hour price action: pretty fierce... as the market battled it out.. not least as some are still clinging to the notion of upside to the 200dma.
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... a pretty wild end to the week...

Suffice to say... equity bears should be very relieved.   I sure am.
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*I am holding across the weekend.. short-SPY, long-VIX

Have a good weekend
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*the usual bits and pieces across the evening to wrap up the day...