US equities closed moderately higher, sp +4pts at 2052 (intra low 2045).
The two leaders - Trans/R2K, settled higher by 0.6% and 0.3%
respectively. Near term outlook is for increasing price chop ahead of
the Dec'16th FOMC. From there, first target remains 2115/20, and then
the 2150s.. before year end.
sp'daily5
Trans
Summary
Little to add.
A bit of a choppy day... with the sp' seemingly stuck between the 2070s and 30s. Sustained action >2080 looks unlikely until the FOMC is out of way.
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a little more later...