Wednesday 25 July 2012

Closing Brief

With an intra-day double top - as clearly seen on the 15min cycle, the market was weak into the close.


The closing hourly charts...


IWM



Dow



Sp


Summary

Not the most inspiring close, but we did see a nice rollover on the 15/60min cycles..and it does offer some good potential for Thursday morning.

Holding confidently into Thursday, seeking sp'1325, and 1310/00 by the Friday close :)

More across the evening.