Monday, 18 June 2012

Closing Brief

Market closed mixed across the various indexes. Tech was strongest, closingg up 0.75% or so, dow marginally red, but both IWM and SP' closed marginally higher.

Considering the opening losses of around 0.5%, today was most certainly another reasonable day for the bulls. Lets check those hourly cycles...





Today was day'11 of this up cycle, and everything remains on track for sp'1350/60 by the Wednesday FOMC decision.

More later...looking at the VIX, daily cycles, and the bigger monthly outlook