Bears pushed to the edge

With US equities managing a fifth consecutive week of gains, sp +27pts (1.3%) @ 2049, the equity bears have largely already been short-stopped out of their positions, with many bears having turned bullish. As ever, the monthly close will be very important, with just 8 trading days left of March.


sp'weekly1b

sp'monthly1b

Summary

For those currently holding short, this is clearly an increasingly stressful and difficult time.

Yours truly has managed to have had the patience to side-step this latest nonsense, and I remain seeking an 'ideal' short market entry.

Goodnight from London
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Closing update from Riley



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*the weekend post will be on the US weekly indexes