3pm update - a powerful week for the bulls

US equity indexes are set to close the week with rather powerful net weekly gains. The weakening USD is no doubt a major help, as also reflected via strong gains in the precious metals and WTIC Oil. Regardless of the exact close... it has been another strong week for the bull maniacs.


sp'weekly

Summary

It has been a long week.. not least Wednesday.. which I'm still somewhat burnt out from.

Next resistance is clearly around the sp'2120/30s, but from there.. market could just slow grind higher across April.. and perhaps all the way into the FOMC of June'17th.. when there remains a high possibility of a rate rise.

With it being quad-opex... expect increasing chop into the close.

.. and typically, the VIX will get hammered lower into the weekend.
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.. back at the close.