Closing Brief

Equities closed higher for the second consecutive day, sp +5pts @ 1936 (intra high 1944). The two leaders - Trans/R2K, settled higher by a borderline significant 0.8% and 0.9% respectively. Near term outlook is for the sp'1950/60s.


sp'60min

Summary

Despite the indexes cooling down in the late afternoon, price structure is a rather clear bull flag, market looks set for higher levels across the next few days.
--

*I hold long overnight from sp'1937, seeking an exit in the 1950/55 zone.. tomorrow or Wednesday.
-

more later... on the crushed VIX.