The main indexes closed moderately lower, with the sp -3pts @ 1787. The two leaders - Trans/R2K, settled -1.0% and -0.5% respectively. Near term outlook is for a sub'5 wave higher..possibly all the way into the weekend. Main upside target zone is sp'1810/30.
sp'60min
Summary
*the two leaders..kinda more interesting closing declines, but still...nothing too major.
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A very quiet day.
It would seem the market has just churned through a sub'4 wave...with a 5 - to complete larger 3.
Regardless of however you want to count this..the primary trend sure ain't down..is it?
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more later..on the VIX