Closing Brief

US equity indexes closed significantly lower, sp -36pts @ 1903 (intra low 1897). The two leaders -Trans/R2K, settled lower by -2.9% and -2.3% respectively. Near term outlook offers a moderate bounce, before a brief foray to 1890/80 zone... and then pushing back upward to the 1970s next week.


sp'60min

Summary

*closing hour action: a new intra low of 1897, but offering a short term floor..
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Today opened weak, and it was one of those days where the market was entirely unable to bounce.

Since the March 2009 low, its still pretty unusual to see such a day.

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more later... on the VIX