1pm update - a green candle

US equities remain significantly higher, having hit a new cycle high of sp'1970 - with VIX 18.01. It seems extremely probable that the psy' level of 2K will be hit next week, with a viable test of the 200dma (currently @ 2025) for most stocks by mid March.


sp'weekly6

VIX'weekly

Summary

A notable green candle on the weekly equity 'rainbow' chart, with a bullish MACD cross due at next Monday's open.

The setup/pattern is very similar to July-August 2008, but more on that later.

*its good to from YOU today...  hard to keep up with everything.. and I appreciate the heads-up on some things that I've not noticed.
--

time for tea :)