Closing Brief

The main indexes all closed moderately higher, with the sp +5pts @ 1689. The Dow managed more significant gains of around 135pts (0.9%). The near term trend remains to the upside, and a weekly close in the 1690/1700s looks very viable. VIX..naturally melted lower.


sp'60min

Summary

..and the market rallies into the close.  sigh.
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I can only note, as a 'permabear', I sure don't see any downside in the immediate term. Worse, I very much am guessing the market will rally on the FOMC.

Those weekly charts should scare the hell out of anyone still short. More on that later.
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yours...on the sidelines....urghh