Closing Brief

US equities closed broadly weak, sp -5pts @ 2065. The two leaders - Trans/R2K, settled lower by -2.6% and -1.2% respectively. Near term outlook is for renewed upside to the 2080/90s.. not least if the market can cope with a dull FOMC announcement and somewhat mediocre Q3 GDP data.


sp'60min

Summary

*awaiting earnings from AAPL and TWTR
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To be clear... I don't see the Friday high of sp'2079 as a short term top.

Another push higher looks due.. and the market will probably try to use the FOMC tomorrow afternoon as an excuse to battle into the sp'2080s.
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more later... on the VIX