3pm update - melt into the close

US indexes look set to melt higher into the close.  With new historic highs in the Dow and Transports, equity bulls have started the week on a pretty strong note. The sp'1900s look due tomorrow, along with a VIX that remains utterly crushed.


sp'60min

Summary

*I will remain on the sidelines overnight..and might do remain so until a clear multi-week cycle top appears..and that might not be until mid June.

Whether we close at a new in the sp'500..really not important, not least new historic highs in the Dow//Trans.