Closing Brief

The main indexes saw mixed chop across the day, with the main indexes closing mixed. The sp' slipped a largely irrelevant 3pts to 1692. Oil closed with gains of 0.4%, whilst Gold +$9. Near term trend remains to the upside.


sp'60min

Summary

Another tiresome day of largely nothing.
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QE continues, and yet there is still 'crashy' chat out there.

Seriously? Haven't the last four weeks been enough to convince the bears of sp'3000* in 2016 yet?

I guess not.
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If Sub'3 even done yet? That is still too difficult to guess.


*ohh, and as for sp'3000, its a very valid scenario...if QE continues.