Closing Brief

US equity indexes closed moderately mixed, sp -2pts @ 2050 (intra high 2066). The two leaders - Trans/R2K, settled +0.1% and -0.3% respectively. Near term outlook offers a little further weakness to the 2030s, but the 2019 low should comfortably hold. The sp'2100s look due into December.


sp'60min

Summary

*closing hour action: choppy.... clearly leaning on the weaker side, with a new intraday low of 2045.
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So.. a short term top of 2066 - at declining resistance/trend, and now its simply a case of whether the 2019 low will hold.

Considering the bigger daily/weekly cycles. that looks extremely probable.

If I'm in the mood tomorrow, even I might go shopping in market land.

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more later... on the VIX