Despite a little cooling to sp'1945 - from the early morning high of 1962, US equities still look on track for the 1970s next Monday... with a viable straight run to the 2K threshold. For now, there is simply no real downside pressure, as the mainstream are increasingly confident that 'everything is fine'.
*VIX teasingly breaks back above the key 20 threshold.... but I think we'll settle back under it. It remains notable that we saw 18.46 this morning!
The smaller 5/15min cycles are now on the low side. Considering the bigger daily/weekly cycles, renewed upside into the close looks due.
In any case.. its been a week for the equity bulls.
back at the close