Thursday 9 April 2015

Closing Brief

US equities closed moderately higher, sp +9pts @ 2091 (range 2074/93). The two leaders - Trans/R2K, settled +0.5% and -0.3% respectively. Near term outlook has turned bullish, with a decisive break above key resistance of 2088/89.


sp'60min



Summary

The closing hour break higher into the sp'2090s is very significant, and arguably bodes well for the bulls for the rest of April... and into early May.
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more later.. on the VIX