Closing Brief

US equity indexes closed significantly lower, sp -35pts at 1880 (intra low 1872). The two leaders - Trans/R2K, settled lower by -1.5% and -2.9% respectively. Near term outlook offers distinct threat of renewed upside, but on any broader outlook, the recent key low of 1812 looks set to be broken under by late March.


sp'60min

Summary

*closing hour action: yet another new intra low of 1872, an attempt to rally.. but maxing out at 1880
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.. and another crazy week in the world's most twisted casino comes to a close.

We've swung from a Monday high of 1947 to 1872, although arguably the VIX never showed any serious upside kick.
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Best guess: market sees another push higher.. >1947.... with Yellen as the excuse.. and indirectly helped whilst China is shut for 'spring festival'.. aka.. Monkey year.

Have a good weekend
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*the usual bits and pieces to wrap up the week across the evening.........