Closing Brief

Another weak day in market land, with the indexes closing a touch lower. The VIX continues to show a near fearless market though, and remains under the important 20 threshold. 


Dow'60min

Sp'60min

Trans'60min

Summary

So, my original primary target of sp'1345 was almost hit today, and that is pleasing to see. The multi-month target of sp'1200/1175 looks a long way down, but as the past few weeks have shown, when the market does fall, the declines can be quite fast and extended.

*I remain on the sidelines, waiting for the next minor wave higher, which right now looks to not conclude until next Monday.

bits and pieces across the evening...as usual.