12pm update - equities at resistance

US equities are holding gains across all indexes... but are now at key resistance. A daily close above sp'2076 would bode for a straight up move into April.. otherwise.. another rollover is due. VIX is naturally cooling, -3% in the 15.50s. Oil remains weak, -3.8%.. having broken a new cycle low of $42.85.


sp'60min

vix'60min

Summary

More than anything right now... a daily close above.. or below the 10MA.. that IS the issue.. at least in my view.

Best guess... bulls fail.. with a Monday close under the 10MA (currently @ sp'2073).
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VIX update from Mr T.


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time for tea :)