Closing Brief

The main indexes closed moderately weak, sp -7pts @ 1785. The two leaders - Trans/R2K, closed flat  and +0.1% respectively. Near term outlook remains moderately weak, but the larger trends remain very much to the upside.


sp'60min

Summary

A weak closing hour, and the bulls failed to break the declining trend.

The fifth consecutive daily decline for the sp'500, and this is the most bearish run since late September.

Arguably, most notable of all today, the VIX climbed for the eighth day..a new record (I believe).
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more later..on the VIX