Closing Brief

US indexes settled mostly a little higher, sp +4pts @ 1986. The two leaders - Trans/R2K, settled +0.5% and -0.4% respectively. The giant sp'2000 threshold remains viable in the immediate term, before a minor 2-3 day down wave of around 2%.


sp'60min

Summary

...and another day of tiresome low volume algo-bot upside melt comes to a close.
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Where will this max out at?

I usually find it damn tricky to fathom the smaller waves.. and those are always subject to sporadic news events - like last Friday.

As for the rest of this week, seems high probability of 1995/2000 zone.. before next opportunity of a down wave after Jackson hole.

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*I remain comfortably on the sidelines. Have ZERO interest in shorting this market until sp'2030/50. Will consider another long-index position early next week, if 1960/50.

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more later.. on the VIX