Closing Brief

The main indexes closed moderately lower, but certainy nothing for the bears to get excited about. The sp' closed -0.6% @ 1626. The VIX manage a moderate gain of 3.7% @ 17.02. Despite todays declines, daily charts are still swinging back to the bulls.


sp'60min

Summary

Well, another week comes to a close. Some decent volatility - for bulls and bears alike!.

Primary trend remains to the upside, and I'd expect Monday to close significantly higher, a challenge of sp'1648 is within range.
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bits and pieces across the evening.

Have a good weekend
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*next main posting, late Saturday, on the US weekly index cycles.