Thursday, 1 October 2015

Closing Brief

US equity indexes closed moderately mixed, sp +3pts @ 1923 (intra range 1927/00). The two leaders - Trans/R2K, settled +0.6% and -0.3% respectively. Near term outlook is bearish... to the 1870/50 zone.. which would make for a rather natural mid term 'marginally lower low'.



*closing hour action: a real choppy mess.... stuck around the 1920 threshold.

... and today comes to a close.

All things considered... equity bears have at least seemingly stalled the recent nonsense bounce from 1871 to 1927.

The fact we already hit 1900 earlier is a bonus.. and is arguably suggestive of much lower levels tomorrow.

more later... on the VIX