US equity indexes closed significantly higher, sp +22pts @ 2102. The two leaders - Trans/R2K, settled higher by 1.3% and 0.5% respectively. Near term outlook offers the sp'2115/20 zone, with a broader target of 2150/70 by year end.
*closing hour action: renewed upside... with a clear short-stop cascade as the sp'2100 threshold was breached.
So.. we've broken out of the trading range that lasted for a week.
Now it seems just a matter of when we trade into the 2115/20 zone.. and whether the market gets stuck... or just keeps pushing higher.
With price action/structure as it is, a straight run to 2150/70 by the FOMC of Dec'16th looks entirely possible.
more later... on the VIX