Closing Brief

The main indexes saw some interesting price action, with some post-FOMC downside to sp'1777, and closing -6pts @ 1781. The two leaders - Trans/R2K, closed lower by -0.3% and -0.15% respectively. Near term upside is the sp'1810/20 zone.


sp'60min

Summary

A pretty good day to watch..and even be part of.

The indexes did break the Tuesday low - somewhat surprising, but really, the VIX indicates a fearless market, and I can't today's moderate declines seriously.

Seeking a break back into the sp'1800s before the Friday close.
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*I exited an SLV-short..will look to pick that up again on any bounce..if there is one.

more later..on the VIX