Closing Brief

US equities settled with borderline significant gains, sp +18pts @ 2108. The two leaders - Trans/R2K, settled higher by 0.3% and 0.9% respectively. Near term outlook remains bullish into April, with next key resistance in the 2120/30s, but with viable upside all the way into mid June.


sp'60min

Summary

.. and another twisted week comes to a close in market land.

The Thursday 'natural retrace' of sp'2085 is already now a fair way lower, and I sure don't expect the market to be trading that low for some weeks.

Understandably, some will now be looking to launch a re-short in the sp'2120/30 zone within the next week or two. However, seasonally, equity bears don't have much hope until late April/early May.

Best guess.. slow grind higher into the June 17'th FOMC.. although yes, that feels a long way out right now.
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Notable closing hour weakness in AAPL

Micro flash crash in the closing seconds to a low of $125.16
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Have a good weekend.... if you can.
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*The usual bits and pieces across the evening.. to wrap up the week.