US equities are battling to hold minor gains, with the sp +4pts @ 1952. VIX remains broadly subdued, remaining under the key 20 threshold. If sp'2K or higher, the 16/15s look viable by mid March. Oil continues to help market sentiment, +2.5% in the $33s.
Seen on the daily charts, today is indeed very inconsequential.
Price action clearly favours the bulls, as the bears continue to look exhausted.
.. but both of those remain as devastatingly low levels relative to summer 2014.
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