With yet another
political comment appearing, the bears ended up on the run, and the
bulls were back to chasing the market higher. However, lets be clear,
some important levels were broken today, not least of which was the
VIX 20 threshold.
dow'60min
sp'60min
trans'60min
Summary
The closing minutes of
action were pretty crazy, this is exactly the sort of instability we'll
increasingly see in the days..and weeks ahead.
Get used to it.
--
The next key target to break is 1398, that will open up 1390/88..and despite todays afternoon madness, is still viable tomorrow.
more later this
evening, if my net connection holds together