Closing Brief

US equities ended the weekly on a pretty negative note, sp -17pts @ 2046. The two leaders - Trans/R2K, settled lower by -1.2% and -0.6% respectively. Near term outlook offers a break of the 2039 low, and that will open up the 2020/1990s next week.. before the next sig' bounce of 2-3%.


sp'60min

Summary

closing hour action: minor chop... leaning weak, as some of the rats were more than happy to jump ship into the weekend.
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... and another twisted week in the world's nastiest casino comes to a close.

Without question, even as of earlier this afternoon, there still seemed clear threat of yet another push to the 2090/2100s... but the break of 2053 scrubbed that scenario.

Instead.. now the 2030s are a valid target to begin next week.

As has been the case for three weeks, if we can break into the sp'2020s, it would really help give some clarity/confidence that sp'2111 was a key mid term high.

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