Closing Brief

A strong close for the bulls, bears failed to kill the ramp..and instead, there is now the threat of new highs, unless the Friday GDP data spooks the market.

Bears have a real problem with this closing level.


sp'60min

Summary

*awaiting FB/AMZN earnings.

Friday will be VERY important. Bulls will understandably be clamouring for a break over 1380...with bears desperate to break back under 1350.

Those bears looking for much lower levels are going to need to see another VIX +20/30% day in the near term.

More later this evening.