2pm update - indexes breaking higher

With no power to the downside, the market has broken higher, and normal service - 'algo bot melt' has resumed. VIX is on a slow..but consistent decline. It would seem the bulls can now look to the sp'1550s at least by mid-March.


sp'60min

vix'60min

Summary

We've just seen a VERY clear snap higher when we broke the declining resistance line @ 1520/21

All that's left for the bulls is 1525 and then 1530, but really, I don't think it matters if that's hit today..or even tomorrow.

*I will merely sit back..and watch this nonsense play out into mid-March.

Blue wave'5 - were it to be the very last wave higher..won't be too much..maybe 2-4% higher. - more on that later though.
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It has to be said, for the bears..I can understand the great disappointment out there, but then, we should be used to it.

Ohh..to top it all.. the new POMO schedule is issued  by the NY Fed at 2pm.