Closing Brief

A very choppy day, not least the closing hour! With both the Greek elections and FOMC now out of the way though, trading just became a great deal simpler in my view. The one notable bullish action -especially in AH action so far, the VIX -6.64%....a rogue spike, or something else?

Lets check those closing hourly cycles...


IWM

Dow

Sp

Summary

*first, don't get too obsessed over the giant red arrows. They are not suggesting price levels/time frames..just the projected general direction into July.
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It would appear sp'1363 was the wave'2 peak. A few days chop in the 1350/40s would be natural, but first target remains somewhere around 1300 within the next 3-5 days.

Much more later...