US indexes closed somewhat mixed, sp' u/c @ 1920 (intra low 1911). The two leaders - Trans/R2K, settled -0.6% and +0.3% respectively. Near term outlook is for renewed upside, at least to the low 1960s by early next week.
Suffice to say, I think we have a pretty clear 5 waves down from 1991, and this mornings low of 1911 would seemingly be a key floor.
Things the bulls need to see...
A break of the hourly down trend.. anything above sp'1925 at the Thursday open
R2K in the 1140s.
VIX back in the low 15s
Perhaps most notable, the Transports, which remains within the broader channel. Yes, it lost the 8k threshold today, but overall... it remains the strongest of the main indexes.
Closing update from Riley
a little more later...