Closing Brief

October comes to a somewhat muted end, we've been stuck in a very narrow trading range for almost five full trading days. The VIX closed 2/4% higher, but that move is inconclusive.

The closing hourly charts...

IWM'60min

Dow'60min

sp'60min

Summary

It is good that the market is back up and running, today was certainly another mixed mess, and Mr Market is still looking to pick its next direction.

What is clear - as I'll highlight later, the daily index charts have bear flags.

More later.