Closing Brief

A mixed close, with a baby bounce continuing. We have clear bear flags on the hourly index charts. We may open briefly higher on Friday, but arguably any such moves are to be expected.


IWM

Dow

Sp

Summary

Bears can not complain about the latter day bounce. Considering we were up dow 100pts pre-market, this close is more than acceptable.

Now we have the FOMC, and the ECB out of the way. Next up...the monthly jobs data tomorrow morning.

More across the evening