Closing Brief

The main indexes closed largely flat, however that was after a steep early morning swoon, followed by a powerful ramp into the early afternoon. A significant sell down into the close left indexes flat, but volatility is indeed returning to the market.


sp'60min

Summary

Well, that ended about as best as I could have hoped.

Despite the bulls pushing to sp'1664..the close of 1655 was a reasonable sign the bears have a real opportunity for a major red Monday.

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*I am heavy short, via VIX-long, holding across the weekend. Seeking near term VIX 17/18s on Monday, but 19/21 later next week.
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Have a good weekend everyone!

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**the usual bits and pieces across the evening.

Weekend post, late Saturday, probably on the US weekly indexes.