Closing Brief

US equity indexes closed powerfully higher, sp +46pts @ 1978. The two leaders - Trans/R2K, settled higher by 2.1% and 2.0% respectively. Near term outlook offers further upside to the 1980/90s, with 2K more viable next week. A peak around mid March looks on track, before a critical rollover.


sp'60min

Summary

Closing hour action: a little chop.. but then leaning upward into the close
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Suffice to add... pretty crazy huh?

The 2K threshold is now within range.. and whether later this week.. or next.. it makes little difference.

The real issue is how will the market trade after mid March.

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more later... on the VIX