Closing Brief

The main indexes closed largely flat, with the sp -0.3pts @ 1841. The broad underlying trend remains bullish, and The VIX settled +8.7% @ 13.54. Market looks set to climb across the rest of the week. Metals closed the day weak, with Gold -$17


sp'60min

vix'60min

Summary

The market is naturally seeing minor chop into year end. It could also be seen a simple consolidation though, and indeed, the hourly index charts are offering what is probably just a bull flag.

We look set to break into the 1850s..whether tomorrow..or later this Thurs/Friday.

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*things remain quiet out there..so..I'll skip the normal evening wraps.

A little more later, probably at 8pm EST.


Closing video from MrTopStep


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