Closing Brief

A really choppy Monday, and the closing hour certainly was a little disappointing for the bulls. The VIX closed marginally higher, so confirming the moderate declines.


IWM (representing rus'2000)

Dow

Sp

Summary

From a MACD cycle perspective, the hourly cycle is set to go negative in around 2 trading hours - so, that would be around 11am tomorrow. It'd sync up well with the Bernanke speaking.

In the scheme of things though, today was all noise, although that is probably a good thing after last Fridays dow+200 lunacy.
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More later.