Closing Brief

The main indexes saw a latter day recovery, with the sp -5pts @ 1795. The two leaders - Trans/R2K, closed -1.0% and -0.5% respectively. The near term could easily see further price chop in the 1810-1780s, before another push to new highs in the latter half of the month.


sp'60min

Summary

Certainly.. an interesting day to watch..and be part of.

The morning had an initial fake low of 1794..and with the break to 1787.. no doubt..many were getting overly lost in bearish hysteria.

Bigger trend remains to the upside..and with continued QE...bears face the same old problem.

We'll more than likely see further upside across at least the first half of tomorrow.
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more later..on the VIX