Closing Brief

US equity indexes closed moderately mixed, sp -2pts @ 2019 (intra low 2012). The two leaders - Trans/R2K, settled u/c and -0.3% respectively. Near term outlook offers further upside to the gap zone of sp'2038/43, with Dow 17405/425. Sustained action >2050 and Dow 17500 looks extremely unlikely.


sp'60min

Summary

*closing hour action: very subdued micro chop, but as has been the case many times in recent weeks, the closing hour leans to the upside.
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So.. early moderate weakness naturally turned higher.. with a new cycle high of 2024.

It is notable that the upper hourly bollinger is now 2039... so, that price gap is very viable on Wednesday.
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notable weakness: TVIX.. which broke into the $5s this afternoon. The daily lower bollinger offers $5.75/50... before a key floor.

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more later... on the VIX