US equities closed moderately lower, sp -7pts @ 2040 (intra low 2025).
The two leaders - Trans/R2K, settled lower by -0.6% and -0.8%
respectively. Near term outlook offers further downside to at least the
2000/1990s. A H/S formation (with the neckline now broken) is suggestive
of more dynamic action to the 1970/60s.
spdaily5b
Nasdaq comp'
Summary
*it is highly notable that the Trans, R2K, and Nasdaq, are all sustainably trading under their respective 200dma.
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Overall price action remains relatively subdued, as reflected in a VIX that is stuck in the mid teens.
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a little more later...
