Closing Brief

US equity indexes closed moderately higher, sp +5pts @ 2063 (intra high 2074). The two leaders - Trans/R2K, settled higher by 0.1% and 0.6% respectively. Near term outlook is uncertain, with hourly cycles threatening further upside, against broader downside.


sp'60min

Summary

*closing hour was a bit of a mess... but then there was some end month issues.
--

... and another crazy month comes to an end...

Broadly... all the main US indexes saw net monthly declines.

The issue now is whether we'll see one further wave higher across July/early August.. and then some kind of brief.. but severe washout in Sept/Oct.

*I remain on the sidelines overnight.. seeking an index short... once the hourly VIX cycle is better reset... preferably VIX 16/15.50 zone.

--
more later... on the VIX