US equities ended the week on a broadly positive note, sp +13pts @ 2072, having swung from an early morning low of 2043. The two leaders - Trans/R2K, settled -0.7% and +0.3% respectively. Near term outlook is extremely borderline, as the equity bulls are set to begin taking out the series of marginally lower highs... or... an epic fail.
*closing hour action: micro chop, but with a notable new cycle high of 2075.
... and another week comes to a close.
April began with the bears being teased in early morning, with a swift reversal, one that held into the weekend.
The levels are clear across the various indexes.
It remains simply a case of whether the bulls can start breaking above the series of marginal lower highs.
2081, 2104, 2116, 2132, 2134
Regardless of the market nonsense..............
Have a good weekend
more later... on the VIX