Closing Brief

US equities closed well above the lows, but price action was fiercely bearish, sp'500 settling -15pts @1862  (intra range 1869/20). The two leaders - Trans/R2K, settled +0.2% and +1.1% respectively. Near term outlook is for sp'1815/00 zone, before a rebound into the 1900s.


sp'60min

Summary

... a pretty exciting day, and with another wave of declines, the bigger picture is even more clearer.

Having slipped from 2019 to 1820... that is almost a full 10% from the Alibaba high of Sept'19th.

We look headed for a sig' bounce... back into the 1900s.. by early November.. and then we should see an even stronger down wave... to the sp'1600s.. with VIX 40s.
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Crazy days are ahead.... the phrase 'don't lose your head' comes to mind.
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more later... on the VIX
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4.06pm... NFLX missed on earnings...

Urghhhhhhh