Closing Brief

The main indexes close slightly higher, with the VIX back in the 11s. The USD was most notable aspect of the day, briefly breaking into the 83s. Oil recovered some of the earlier declines, but the metals closed near the lows.


sp'60min

Summary

From a 'count' perspective. My best guess is we're in the last tiny wave of what have been a very significant wave'3.

This fifth little wave will very likely complete tomorrow or Friday..somewhere in the sp'1565/75 zone.

Then..next week, I'm seeking a Blue'4 down - which if it was like Blue'2..will be a swift little down wave of 20/30pts..and then...Blue'5 UP.

That probably will take the market into next Wed/Thursday.

--

So...those seeking an index re-short/ VIX long, should probably be waiting until the latter part of next week.

I certainly will be waiting until that time..and then re-assess.
-

the usual bits and pieces across the evening.