Closing Brief

US equities began a new year on a moderately negative note, with the sp -16pts @ 1832. The two leaders - Trans/R2K, slipped -1.5% and -1.1% respectively. There is relatively easy upside to the sp'1860/80 zone within the next few weeks.


sp'60min

Summary

*I've added a count to the hourly chart, and it relates to the sp'weekly8 chart, where I am seeking the completion of a bigger sub'4 by mid/late Jan.

From there, perhaps 5-7% lower into mid Feb...and then one final lurch higher - of the ramp from Oct'2011, to a target of sp'1950/2050 by April/May.
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the usual bits and pieces across the evening.