Tuesday 23 June 2015

Closing Brief

US equities closed moderately mixed, sp +1pt @ 2124 (intra low 2119). The two leaders - Trans/R2K, settled -0.1% and +0.3% respectively. Price action remains increasingly tight, and near term outlook is for renewed weakness into end month. Best downside case remains the sp'2060s.


sp'60min


Summary

*closing hour.. very minor chop... as expected.
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A pretty quiet... but somewhat fine day in market land.

The big ascending wedge continues to tighten... a break lower looks due, although in theory.. that might not be until Friday/next Monday.

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One final video relating to Horner.. who will be missed by many...




*... that was the last scene ever filmed by Lancaster in a major motion picture.
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more later... on the VIX