Closing Brief

With the bigger weekly and monthly cycles pushing upward, it was always going to be tricky to see even a few days lower, but..the algo-bots are not even going to permit that. The break into the sp'1470s is a further devastating blow to the bears, since the New Years Eve low of sp'1398.


Dow'60min

Sp'60min

Trans

Summary

A truly lousy day. The algo-bots seem in full control, and the intra-day down moves are barely even noticeable.

The original retracement target of even sp'1440 now looks out of range, but worse..way worse, is that the daily charts are now back to outright bullish.

The sp'1500s are now a mere 2% or so away.
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For the bears out there...




A daily wrap later..perhaps.