Closing Brief

A quiet day in the market, but then it was veterans day, with the bond market closed. The hourly index cycles are now primed for a new wave lower, with the VIX surely close to a turn back higher.


Dow'60min

Sp'60min

Transports

Summary

There really isn't much to say, the bigger trends remain weak, and until there is a further major wave lower, I can't conclude that this down move from sp'1474 is yet complete.

I remain short, holding overnight, seeking my next exit in the sp'1360s.

bits and pieces across the evening