sp'60min
Summary
closing hour action: a fair amount of minor chop, but breaking a new intra high of 2449, leaning fractionally weak in the closing minutes.
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With the transports breaking a new historic high of 9742, it was a day for the bulls.
Short-term, the cyclical setup offers a bearish MACD cross early Friday morning. At minimum, that should see the sp' cool to 2435. Things only get marginally interesting with a full gap fill to 2425, even then, that would only result in a flat weekly close.
I see a fair few out there looking for the mid/low 2300s, but first things first... we need to see a weekly close back under the 10MA in the 2420s. Today's close doesn't offer any hope for that.
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Here in London city...
Warm, but a depressing cloud bank rolled in for the evening. No sunset for yours truly. Wine and chocolates will have to suffice.
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more later on the VIX and Indexes, and a 'looking ahead' post by 6pm EST.