3pm update - 9 of 11

Since the sp'1820 floor of Oct'15, the market has rallied an extremely powerful 272pts (14.9%). This week will make for the 9th net weekly gain.. of 11 weeks. With the R2K now having broken out of a year long trading range (much like Transports across 2012)... much higher levels look due next year.


sp'60min

USO, 60min

Summary

*Oil trying to turn on the smaller hourly cycle... key level remains $20.53.
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Suffice to say... regardless of the exact weekly close.. its been another week for the bull maniacs, and even the pre-FOMC cycle low of sp'1972.. is now 6% lower.

Anyone seriously think we'll be trading under sp'2000 again any time soon?
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 back at the close.