Monday, 1 October 2012

Closing Brief

A weak closing hour, and a real turn around from the opening 90 minutes of the trading day. With the VIX closing moderately green, the bulls should feel a little cautious into Tuesday.


SP'60min, H/S



Certainly, still some useful gains for the bulls, but the afternoon weakness may well lead into Tuesday.

From a MACD cycle perspective, there is certainly good potencial for a opening gap lower Tuesday, or at least some form of trend down day.

More later