Daily Index Cycle update

US indexes all closed somewhat higher, with the sp +14pts @ 1830, having slipped from an earlier high of 1834 to 1815. The two leaders - Trans/R2K, settled higher by 0.3% and 0.5% respectively. Near term outlook remains broadly weak, with viable downside to 1770/60.


sp'daily5

R2K

Trans

Summary

The closing hour was a real mess for most, swinging from 1823 to 1815..but closing at 1830. No doubt, it really annoyed many traders.

*I am on the sidelines overnight..and will see how the market trades early tomorrow. I will consider an index re-short in the 1840/45 zone..if we get that high. Similarly. long VIX in the 15s, would seem an 'interesting' level, if only for another day-trade.
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a little more later..