sp'60min
Summary
Just about everything is setup in the equity bulls favour this week.
We have sig' QE-pomo today, tomorrow, and Thursday, The bigger weekly/monthly trends remain bullish.
Equity bulls should merely seek a weekly close >1850. That will suffice for end February, and set up new highs across March.
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Notable early mover: UGAZ +7%, GDX +1.4%..no doubt being helped by further gains in Gold.
*something to watch at the open, weekly charts, lower bollinger, should jump into the 1740s, and thus conclusively ruling out a break of the recent 1737 low for some weeks, if not a few months. Indeed, by end March, we'll have a primary support floor around the 1800 level.
9.33am.. and we're off and running... sp'1840s...
Lower weekly bol..jumps to 1743...
Sure doesn't look to be any downside power.