US equities opened a little higher, with the SPX breaking a new cycle high of 2835, with a late morning cooling wave to 2821. The afternoon saw renewed upside, but holding under the high. S/t price structure is a H/S, offering 2805, then 2820, with the 2770s by Thurs'/Friday.
Volatility remained subdued, settling +1.7% at 13.10. A spike to the 15/16s would arguably sync with the sp'2770s.
Bonus chart: China, monthly
With nine trading days left of the month, the Shanghai comp' is higher for a third month, currently +5.3% at 3096. Next resistance is not until the 3400s. That would indirectly bode bullish for the US market into late spring/early summer.
|One thing is for sure... that is not a 737MAX|
|Spring is almost here|
|Full moon is this Wednesday|
Extra charts in AH (usually around 7pm EDT) @ https://twitter.com/permabear_uk
Goodnight from London
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