Closing Brief

Considering the seemingly epic attempt by the clown channels to spin today as bullish, this was a weak close. We may yet have a quick burst higher Tuesday morning, but regardless, the main trend remains down. I am content to be short..once again.


Sp'60min

IWM'60min

VIX'60min

The VIX closed right at the 10MA. There is plenty of upside on the VIX, first target remains 21 (which it would have done this morning, were it not for the early morning recovery). After 21...then 24.

Much more across the evening, including the Euro, which remains due for a major down cycle.