With US equities managing a fifth consecutive week of gains, sp +27pts (1.3%) @ 2049, the equity bears have largely already been short-stopped out of their positions, with many bears having turned bullish. As ever, the monthly close will be very important, with just 8 trading days left of March.
For those currently holding short, this is clearly an increasingly stressful and difficult time.
Yours truly has managed to have had the patience to side-step this latest nonsense, and I remain seeking an 'ideal' short market entry.
Goodnight from London
Closing update from Riley
*the weekend post will be on the US weekly indexes