Monday 6 August 2012

Closing Brief

Dull. Dull....Dull....and then with thirty minutes left, finally a little price movement!

The closing hourly index charts


IWM



Dow



Sp


Summary

A micro-wave lower in the closing 30 minutes, after 6 hours of relative grave-yard trading conditions.


There really isn't anything much to say. The downside targets are clear, bears need <1355 just to start with, and then 1325. Bulls will merely be seeking to exceed 1400..and then 1422.

A little more later.