Closing Brief

A bit of a choppy day. The opening gains of 0.7% failed entirely, but as was the case in much of Jan/Feb, we saw a latter day recovery. It does look like this is merely a wave'4 bounce though...downside to sp'1480/75 looks very viable within the next few days.


sp'60min

Summary

Certainly, the action today was pretty confusing for many, and arguably a bit of a mess for anyone who tried to trade ti - especially for those using tight stops.

There looks to still be good a chance of one final wash-out move lower.

I continue to sit back..and waiting for a decent place to go long.
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more later..on the VIX