3pm update - temporary stall

US equities remain broadly weak, with the sp'500 currently still stuck in the 1920s.. along with VIX 20s. At best, equity bears might manage the 1905/00 zone - if the market is upset at the next pair of oil inventory reports, but regardless... the 1950/60s still look a rather easy target.


sp'daily1

VIX'daily1

Summary

*yes.. there is that gap around sp'2040... but hell, that looks damn difficult.
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One down day does not breaketh the trend, right?

The recent high of sp'1946 makes little sense as a key high, especially when seen on the bigger daily/weekly cycles.

This market still looks set for further upside, before a key high in first half of March.
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back at the close