Closing Brief

The main indexes closed moderately higher, with the sp +3pts @ 1808. The two leaders - Trans/R2K, settled +0.3% and -0.2% respectively. Near term trend remains bullish, with the bigger weekly/monthly cycles offering the sp'1840s before year end.


sp'60min

Summary

*price action on the hourly is offering a small bull flag (not labelled).

Any break >1814..and the ABC scenario will get trashed, and I'd have to guess, that will be the case.
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A relatively quiet start to the week, and there really isn't much reason why the rest of the week will be any different.

The broad underlying upside pressure continues.
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more later...on the VIX.