Closing Brief

US equity indexes closed moderately mixed, sp -0.1pts @ 1917. The two leaders - Trans/R2K, settled u/c and +0.5% respectively. Near term outlook offers renewed upside to the 1950/65 zone. A daily close in the 1970s will open up a test of the 200dma and the 10mma by mid March. From there... things get real.... real interesting.


sp'60min

Summary

*closing hour action: micro chop... leaning on the upside... as bears close out into the weekend.
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.. and another week at the twisted casino comes to a close.


So.. we've seen the market rally 6.6% from last Thursdays low of 1810 to 1930. Certainly, 1930 seems no more a key high.. as 1810 is a key low.

At the least, we'll surely trade higher to the 1950/60s. The only issue is whether the bull maniacs can manage an extra push to the psy' level of sp'2K.

In either case... much lower levels are due after mid March.

Have a good weekend
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*the usual bits and pieces across the evening