Closing Brief

As expected, the market melted higher into the close, with the sp' comfortably in the 1560s  VIX naturally slipped -7%. Oil was the notable leader again, climbing around 1.7%. Precious metals closed lower, but slightly off the lows.


sp'60min

Summary

So..we closed in the 1560s..and that keeps the door open to the 1570s for Wed/Thursday.

Daily MACD cycle could in theory climb for 2-4 days..which gets us into next week.

So..right now..bears probably going to need to wait until next Tue/Wed.

As I keep noting..there is NO hurry.  Weekly charts ARE rolling over, despite the current rally. sp'1490/70s seem a given in my view.

more later...