It was another day of mostly minor chop, with the sp' opening a little weak, seeing a low of 2919, and then swinging upward to 2931. There was cyclical rollover in the afternoon, with the market leaning fractionally weak. That might carry across into Wednesday, but the bears can't expect anything of significance.
Volatility remained very subdued, with the VIX churning within the 12/11s.
Dow strength - monthly'2, fibs'
The Dow broke a new historic high today of 26824. Having cleared >26702 in September, the next key Fibonacci extension/extrapolation from the 2009 low is 34430. Something to reflect upon!
|Just another autumnal evening|
Extra charts in AH (usually around 7pm EDT) @ https://twitter.com/permabear_uk
Goodnight from London
If you value my work, subscribe to me.
For details: https://permabeardoomster.blogspot.co.uk/p/subscriptions.html