Closing Brief

The broader market closed with gains of around 1%. Today was probably day'1 of 2 or 3, of a wave'2 bounce. A pretty severe wave'3 looks set to begin in the latter half of next week. The VIX closed -15% in the 14s, next Friday VIX could easily be in the low 20s.


sp'60min

Summary

So, the market markers went for an April opex pin with the sp @ 1555.

Its been a very long and busy week, we've seen minor wave'1 complete, and now we're in a little'2 bounce.

This time next week we'll be in the middle of a 3, one that should take us to the sp'1480s within about 7-10 trading days - with VIX in the mid 20s.

Have a good weekend everyone!

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The usual things to round up the week across the evening...

Next main post, late Saturday, on the weekly US indexes