Closing Brief

The indexes closed with moderate gains of 0.4-0.75%. With the VIX closing around 13% lower, the bulls remain in control. Oil closed comfortably higher, whilst the precious metals continue to fail to participate in the broader rally, Gold and Silver both closed around 0.4% lower.


sp'60min

Summary

Well, that's another Fed day done with. Certainly, we didn't get any of the usual crazy price swings.

What was notable was the utter failure of the precious metals to rally - even though the smaller 15/60min cycles were primed for upside. It doesn't bode well for April/May!
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I think there is a fair chance of some good follow through to the upside at the Thursday open. sp'1570s are still viable in the current cycle.
 
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The usual bits and pieces across the evening.