Closing Brief

US equities settled moderately higher, sp +8pts @ 2079. The two leaders - Trans/R2K, settled higher by 0.2% and 0.5% respectively. Near term outlook offers high probability of one further wave lower to the 50dma in the low sp'2060s. From there.. the broader upward trend will likely resume.


sp'60min

Summary

*... I'm tired... so this will be brief
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A pretty tedious day... a bounce day, much like last Wed/Thursday.

Market looks set for a fifth minor wave lower.. to around 2065/60. Considering the underlying upward pressure, that final low might be dragged out until Wednesday.
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more later... on the VIX