Closing Brief

The main indexes closed moderately lower for the third consecutive day, with the sp -8pts @ 1701. The two leaders - Trans/R2K, closed lower by -0.6% and -0.1% respectively. The current decline is probably just a very minor pull back before the next ramp into the mid sp'1730s.


sp'60min

Summary

So..a third day lower, and certainly, the sp'1729 high is looking a fair way higher, but really, as someone who has closely followed this market for years, I sure don't sense any power on the downside.

Whether tomorrow..or later in the week, the market looks set to battle higher, at which point many will no doubt be top calling at another new high in the sp'1750/75 zone.

--
the usual bits and pieces across the evening