Closing Brief

US equities closed somewhat weak - swinging lower on ECB comments, sp -8pts @ 2041 (intra high 2054). The two leaders - Trans/R2K, settled lower by -0.2% and -0.5% respectively. Near term outlook is offering a Thursday down wave to 2030/20s... before renewed upside on monthly jobs data.


sp'60min

Summary

*a VERY bearish closing hour, with a classic bearish engulfing candle on the hourly cycle. It bodes strongly in favour of the equity bears tomorrow. Target zone is 2025/20.
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So... a little drama in the closing hour. Sporadic comments from the ECB will remain a problem for the bull manaics in the weeks.. and months ahead. We all love the drama though.. especially in the last hour of the day, right?

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more later... on the VIX