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'daily5
Dow
Summary
A clear reversal day.. with the opening gains completely failing for most indexes.
Price structure remains broadly bearish, with the Aug' lows set to be taken out on all indexes. Indeed, the R2K is already close.. and looks set to achieve that on Monday.
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a little more later...
