US equities continue to claw higher, set to break key resistance of sp'2111. Precious metals remain very weak, Gold -$14, with Silver -1.0%. Oil remains in minor chop mode, -0.3%. VIX is confirming the increasing market confidence, -4.5% in the 12.60s.
sp'60min
sp'daily5
Summary
It is difficult to say if the market will break above resistance of sp'2111 before the close... regardless, once it does happen, a wheel barrow of short-stops will get hit.. and market should see some acceleration to the upside.
New historic highs are increasingly likely in the immediate term.
Certainly, a weekly close in the 2120s looks very viable.
A month end closing in the 2130s appears viable.
-
notable gains: TSLA +5.6%... building gains.. having broken out of the downward trend.