US equity indexes closed a touch weak, sp -2pts @ 2099 (intra low 2090).
The two leaders - Trans/R2K, settled +0.3% and u/c respectively. Near
term outlook offers the 200dma @ 2062.. along with VIX 18/20 zone. Best
bearish case by Nov' opex remains 2020.. where the 50dma will soon be
lurking.
sp'daily5
Dow
Summary
Little to add.
US equities are still holding within the upward trend from the Aug/Sept' lows.
At best, equity bears could manage a 38% fib' retrace to the sp'2020s by Nov' opex... but from there... resuming upward into year end... and beyond.
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a little more later...
