The main indexes all closed higher, with the sp +13pts @ 1653. The two leaders - Trans/R2K, closed up 1.1% and 0.9% respectively. The immediate trend remains to the upside, but the market will likely get stuck in the sp'1660s..with VIX in the low 15s.
sp'daily5
R2K
Trans
Summary
The open saw some very mild chop, but it sure didn't take long for the bulls to pile in, and we saw some rather consistent gains build across the day.
Underlying MACD (blue bar histogram) ticked higher for the third day. However, it remains difficult to say if we'll go positive cycle by the Friday close.
Best guess..sp'1660s..before closing in the 1640s to end the week.
*I remain on the sidelines, but seeking to short the main market, early Thursday.
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a little more later...