Closing Brief

Most of the main indexes closed slightly lower, but the declines were arguably borderline noise. With the VIX cooling off into the close, the bears should be very concerned about a renewed cycle higher...all the way into the weekend.


sp'60min

Summary

So, with most indexes closed a little lower, thats the high of this multi-month cycle,..yes?

Err, probably not..quite yet.

I'm still guessing we battle higher into next week. Sp'1560/70s are viable later this week..even the 1600s are possible..and the latter would make for a far better re-short level.
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*Today was good, am holding nothing overnight, might go long SLV/USO early Wednesday.

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The usual bits and pieces across the evening.