Closing Brief

The main indexes closed a touch higher, with the sp +5pts @ 1698. The two market leaders - Trans/R2K, both closed up around 0.4%. It would appear the five day down cycle has concluded, and the market is now primed for another multi-week ramp into the mid sp'1700s.


sp'60min

Summary

*little mini wave higher into the close..as expected.
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So, the multi-day down wave has been terminated.

Certainly, today was pretty dull, with a lot of chop, but it does set up a rather big up wave across October.

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As for tomorrow, I'd be looking for a weekly close in the sp'1700s, but more on that later.