US equities opened broadly lower, with an early low of sp'2647. There was a significant rally that continued all the way into the late afternoon. The daily gain of 0.5% is arguably inconclusive, as to whether we have a completed washout wave from 2789. I'm guessing... no.
The VIX saw a very mixed day, swinging from the 26s to settle in the 19s.I'm still concerned of one final push to 30/34, before broad cooling across March/April.
A bearish week: sp'weekly
A net weekly decline of -56pts (2.0%), as the weekly MACD cycle increasingly favours the equity bears. For now, the Feb' low of 2532 still looks secure.
Extra charts in AH (usually around 7pm EST) @ https://twitter.com/permabear_uk
Goodnight from London
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