Closing Brief

Arguably, a disappointing end to the day for the bears. It took most of the day to break below sp'1440, only for it to last barely an hour. With the VIX closing red, yeah, it was disappointing indeed.


IWM'60min

SP'60min, H/S

Trans

Summary

Well that wasn't much good of a day. From the bigger daily chart though (posted later), we just had day'5 of what is a bear flag.

Downside target remains 1420/15. The 50 day rising MA will likely pose strong resistance to any drop, assuming we get one later this week.

More later