Closing Brief

A moderately bearish end to the week. A few indexes closed red for the week as a whole, but more on that over the weekend. The VIX closed a touch under 5% higher..not exactly 'inspiring'.

The closing hourly indexes....


IWM

Dow

Sp

Summary

Its been a long and draining week, I can only hope the daily cycle - which has indeed rolled over today, will have some very significant follow through for much of next week. The bears have had a rough time since the June low, which now seems like so very long ago.

Have a good weekend.