Closing Brief

A red close, but clearly another major disappointment for those bears seeking a 3-5 day retracement. With the close comfortably above sp'1500 level, the bulls claim yet another little victory. Dollar largely held onto most of the gains, but the VIX was weak into the close.


sp'60min

Summary

The bulls are comfortably holding all those strong gains from January.

As has been the case for two weeks, the bulls can sustain a move all the way down to the 1450s without causing any real damage of the short/mid-term upward trend.


*AAPL exploded in the closing 15minutes. I don't know why.

AAPL, 1min

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Its been a real messy trading week, and we've still one day left!

*the usual bits and pieces across the evening.