US equities closed broadly higher, sp +19pts @ 2061 (intra low 2039). The two leaders - Trans/R2K, settled higher by 0.8% and 1.0% respectively. Near term outlook is extremely borderline, as there is threat of a break above the key high of 2075. Best case near term downside is the 2025/15 zone.
*closing hour action: a reaction-turn from a new intra high of 2065 - with VIX 14.84
So... opening gains, a swing lower to 2039.. but then the bloody oil headline resulted in a swift surge back upward, with algo-bot melt across much of the afternoon.
A really annoying day... but effectively, we're just stuck within a relatively narrow range of 2075-2020s.
yours truly remains short.. and (to my own surprise) reasonably content.
(the fact I'm not using margin sure helps me sleep)
more later... on the VIX