US equities are seeing some considerable chop, after what remains a starkly powerful post FOMC ramp. A weekly close in the sp'2100s remains very viable.... regardless, the notion of renewed weakness under the 50dma (2063) looks extremely unlikely. Oil.. and metals remain weak.. and King $ resumes higher.
sp'60min
sp'daily5
Summary
Little to add.
No excuses today.. everyone had a chance to either go/add longs.. and/or exit remaining equity index shorts.
Tomorrow is opex.. which typically would offer more chop.. .but regardless... upside into April is the outlook.
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back at 3pm
