Closing Brief

The market closed the year with a significant bullish reversal from the key 1398 low. With the VIX back <20, the bulls are now rife with hysteria and revelling in delusion. They will be awoken soon enough.


The closing hourly charts...


Dow

SP

Trans

Summary

Well, thats it for the 2012 trading year.
--

Sincerely..the very best New Years wishes to all of you!
--

*the usual bits and pieces to wrap up the trading day across the evening.