Tuesday 19 November 2013

Closing Brief

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