As expected, US equities start the week on a positive note. Equity bulls look set for the sp'1865/75 zone by Wednesday afternoon. Metals are somewhat weak, Gold -$6. VIX is getting crushed, after a conflict-free weekend in the Crimea.
*awaiting econ-data: indust' prod..housing
I realise for those short over the weekend, this is turning out to be a lousy start to the week...you have my sympathies.
As it is..last weeks closing candle was significant for the bears, and this mornings open does NOT negate it.
So...a bounce to 1865/75....and then sub'1800s by end of next week.
Yours truly..is ready and waiting to hit some buttons this Wednesday ;)