US indexes closed moderately higher, having swung from a morning low of sp'2044, settling +12pts @ 2081 (intra high 2083). The two leaders - Trans/R2K, settled higher by 1.2% and 0.1% respectively. Near term outlook offers some chop, but with broader upside into August.
Suffice to add... it was a day for the equity bears and bulls! Bears had plenty of opportunity to exit in the sp'2040s... whilst bulls had a better place to go long.
There are a great many reversal daily candles on many charts, and all are suggetive we have a key cycle low of sp'2044... with VIX having maxed out at 19.80 (June 30th'.
Best guess... 2044 holds as a low... with broad upside into August. Whether some indexes - notably the Dow, sp'500, or even NYSE comp' can break marginal new histotic highs in the next up wave... difficult to say.
What is clear... today was surely a day for the bears to have made a run to the EXIT door.
a little more later...