1pm update - back to the 1840s

The morning low of sp'1824 now looks a fair way lower, and a test of the 50 day MA of 1813..appears off the table. The market remains strong, and the door is wide open to new historic highs into end month. If this is sub' micro'3, then we're set for the 1890/1910 zone.


sp'60min

Summary

So...here we are...and all those touting much lower levels in the immediate term will probably be on radio silent for the rest of the week..if not the month.

Whilst the news from the Ukraine is bleak..and outright horrible, the US..and most world markets simply don't care. For now...thoughts are turning to the 'green shoots of spring'.

*something the bears should keep in mind..there are 3 sig' QE-pomo next week.
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Notable strength..

UAL, daily

A clear bullish pennant...a breakout...new up wave well underway. Bodes well for the Transports.
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