Closing Brief

Another day higher for the main indexes, with the Dow making its tenth consecutive higher close. The USD closed moderately lower, but still above the first line of support. Oil closed a little higher, but the metals were still a little weak. The VIX naturally closed another 5% lower in the 11s.


sp'60min

Summary

I've a fair degree of considence in the near term micro-count.

Its hard to know if we've yet completed little black'5 of blue III. Considering opex Friday + big POMO, I'm guessing we won't see any decline until Monday.

Even then, we're still probably due another wave higher (blue V) on Tue/Wed.

*I am merely holding SLV overnight, looking to exit before the weekend!
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more later..on the VIX