US equities closed on broadly weak, sp -0.5pts @ 2050. The two leaders -
Trans/R2K, settled lower by -1.1% and -0.5% respectively. Near term
outlook offers a break of the sp'2040 threshold. The big unknown is
whether the two soft lows of 2039/33 will hold. A weekly close in the
2020s would lead to 2000/1990s, before next bounce.
sp'daily
R2K
Trans
Summary
It is highly notable that two leaders have very clear breaks of trend from the Jan/Feb' lows, and both are leading the rest of the other indexes lower.
Right now, equity bears have a 'best downside case' to the sp'2000/1990s, before next bounce of at least 3-4%.
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a little more later...
