3pm update - net daily gains

US equities are set to close with rather powerful net gains, confirming the hyper-spike Friday turnaround. Regardless of any micro down waves this week... the market looks headed beyond the recent 2020 peak... and make an initial attempt to re-take the daily 200ma.. and the monthly 10MA.


sp'daily5

VIX'daily3

Summary

*VIX confirming the equity 'normal service resumes' situation.
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Little to add.

Last week I gave the market all the time needed to break lower.. but with sustained action >1950.. the short term outlook is clear.

As I said to someone today.. 'it is.. what it is'. 

yours... sidelines.    At least on another overnight gap higher.. I can't lose any more.
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back at the close.