1pm update - afternoon churn

US indexes continue to hold moderate gains, with the sp +0.6% in the 1860s. The early February low of 1737 now looks a very long way down. Even breaking <1800 in the next multi-week down cycle will be difficult. Metals are slipping, Gold -$7


sp'weekly8

Summary

*Whether we close in the 1860s, 70s..or even 50s...doesn't matter. The monthly close is a powerfully bullish one. It bodes for a further 2-4% higher in the next few weeks
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The above outlook remains my best guess...

I am literally counting the days until the next FOMC of March'19.

T-13 days
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stay tuned!