Closing Brief

Today was very interesting to watch and be part of. The movement in AAPL alone was enough to merit keeping an eye on things. So far at least, the big bear flag on the Sp' hourly is intact, and if this is a wave'2 up, then we have a really good wave'3 down to come starting within the next few days.

The first 5 waves down took 5 full trading days to complete, so..maybe sp'1340 by the end of next week?


SP'60min

IWM'60min

VIX'60min

Summary

Holding to original targets/outlook, looking to short tomorrow, early part of Wednesday - at the next peak of the 15 min cycle.

*However, if somehow we magically break above 1407/10..I might hold off, and reassess.

More later...dealing with the VIX, and the Index daily cycles