Closing Brief

Aside from a very brief touch of drama in mid afternoon - lead by WMT (or was it the rock?), it was a pretty quiet end to a quiet week. VIX is back in the 12s....there is still nothing for the bears to get excited about.


sp'60min

Summary

Market even managed to still close within the near term channel..so there is absolutely nothing bearish yet. There is massive rising support in the 1485/90 range early next week...it would seem very unlikely we can break below that.

Indeed, sp'1600s still look very reasonable as a target for March/April.

We are closed on Monday...so... have a super good..long weekend!
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*next main posting, late Saturday, on the weekly US indexes.