Market held up into the close, but both the 15/60 minute micro-cycles are due to fall. It really makes little difference, we ARE due to put in one final move lower to around 1265/55 by late Wednesday/early Thursday.
...closing hourly cycles...
The Bernanke speaks Thursday 10am...until then, we could see all of tomorrow..and early Thursday slide lower.
...ohh, and congrats to FB holders, only -4% today.