sp'daily5
R2K
Trans
Summary
Suffice to say, a day of moderate chop for most indexes, ahead of Q2 GDP, and the announcement of QE taper'6.
The black-fail candle on the Transports remains the only particularly bearish aspect out there. Since that candle, we've seen 4 daily net declines... next support is around the 50dma... 8181.. that is only another 0.4% lower.
Even the weak R2K managed a minor daily gain, and looks set to make a play for the 1170s by end week.
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Closing update from Riley
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a little more later...