Closing Brief

US indexes closed particularly weak, sp -18pts @ 1920. The two leaders - Trans/R2K, settled -1.1% and -0.3% respectively. Near term outlook is for a key floor Wednesday morning, before very sig' upside across 7-10 trading days.


sp'60min

Summary

Today's declines certainly woke up many who have been absent since the weekend.

The daily close in the R2K is kinda interesting... bodes for a bigger turn.. UP in the market.

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*I'll look to pick up an index-long tomorrow morning.. 11am would be a typical time for a reasonable low.

Good upside from the 1910s to 1960s.. which would make for a good trade.

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more later... on the VIX