US equities have continued to battle upward, and look set for the first sig' net daily gains since Nov'2nd. Oil is unquestionably helping broader market sentiment, having swung from -1.6% to +1.9%... holding the key $40 threshold.. at least for today.
sp'60min
USO'daily2
Summary
Price target has been met.
Enough time has elapsed in this down wave.
Even if there is some weakness across Tue/Wed'... today's low of sp'2019 looks set to hold... with broad upside into the next FOMC.
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There can be no complaints today... equity bears had opportunity to exit at the open.. and bulls similarly had ample opportunity to go long.
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notable strength: NFLX +6.2% @ $110s.... as Jessica Jones is on her way...
The entirety of season'1 will be released at 12am midnight.. this Friday. For some.. it will make for one hell of a 13 hour movie.
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back at the close