Tuesday, 14 August 2012

Closing Brief

Opening minor gains..but closing mostly flat. In the scheme of things, it remains all noise.

The closing hour index cycles

IWM



Dow



Sp


Summary

The daily charts show it better,  we only closed a little lower, but we did put in a nice spiky top for todays action. This is a minor, but useful 'tiny' bearish sign for the bears.

What is important tomorrow, a close in the 1380s.

More later...