US equities open moderately higher, with the sp' back in the 2100s.. less than 1% from breaking a new historic high. The Nasdaq is just 100pts away from breaking the March'2000 high of 5132. Metals are holding minor gains, Gold +$6. Oil has built strong gains of 3.3%
sp'daily5
Nasdaq monthly, 20yr
Summary
*note the MACD (blue bar histogram) cycle on the sp' daily chart, which is in the process of turning positive... typically it will climb for another 3-5 days.
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Any weekly close in the sp'2090s.. or higher, will make for a significant net weekly gain... and it bodes for broad upside across April.
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Notable weakness, USD, -1.1% @ 98.10.. and that is certainly helping all US $ asset classes. If a mid-term retrace to DXY 90/87 zone... then it bodes for higher equities.... to at least May/June.