Closing Brief

Equities battled consistently higher across the day, with the sp +19pts @ 1838. The two leaders - Trans/R2K, both settled higher by 1.3%. Near term outlook is that we have a C wave floor at 1815, and we're now set for new historic highs..moving into the sp'1860/80 zone by end month.


sp'60min

Summary

For the bears getting overly excited at the Monday declines, I can understand the disappointment with today's daily close. After all, wasn't yesterday the start of the long awaited major correction? Hell, even clown finance TV was a little rattled at seeing the sp' -1.4%.

Yet..here we are again...one sig' down day..and the market has already almost entirely reversed the losses.

With the bigger daily cycles starting to show initial turns to the upside..there is now viable upside into next week.

Weekly/monthly charts are both offering the 1860/80 zone by end of the month...when Yellen will take over as CEO of print-central.
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more later...on the VIX