Closing Brief

I'm glad that's over with. Just a quick closing update on those hourly cycles. The SP' almost showing a sign it was going to close under the 10MA..but no. The VIX did manage a slight break higher over the 10MA, as it has now also moved to a positive cycle on the MACD.


Sp'60min

IWM'60min

Vix'60min

I would to think the bulls are almost as surprised at the strength of this post Monday low up-cycle, as the bears are. Is it a fifth, of a C..of a giant bear flag - as seen on the daily charts? Right now, its time to stop...its the weekend.

As usual, I will post updates for both the weekly and monthly index cycles across the weekend, and maybe a few other things too.

Have a good weekend