Closing Brief

US equity indexes closed a little higher, sp +1pt @ 2102 (intra high 2111). The two leaders - Trans/R2K, settled u/c and +0.2% respectively. Near term outlook still offers cooling to the gap zone of 2065/61, but a monthly close <2050 looks increasingly difficult.


sp'60min

Summary

*closing hour action: distinct closing hour weakness, swinging from a new intra high of 2111.05.
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Despite the closing hour weakness.. it was unquestionably another day for the equity bears, as most equity indexes broke new multi-month highs.

Even if we somehow cool to the obvious gap zone in the 2060s, it will do little to negate the broader upward trend since February.

yours.. tired.

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more later... on the VIX