Closing Brief

Today was the sixth consecutive higher close for the sp'500. A four month major wave higher - from the November sp'1343 low, looks to be in its last few days. However, there is absolutely NO clear turn..or levelling phase yet. We could easily take a few weeks to churn out a top.


sp'60min

Summary

A close in the sp'1550s certainly looks super bullish. The headline jobs data looks good (well, to those who don't read beyond the main numbers)...and the mainstream are filled with hope for a 'rally without end'.

I am looking forward to seeing the next down wave. I don't expect more than 7-9%..but it should be tradeable across the early spring.
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The usual bits and pieces to wrap up the week, across the evening...

Have a good weekend :)

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*next main post, late Saturday, on the US monthly indexes