On top of the world, with an adoring crowd gathered below and indifferent law enforcement milling about…there is a bit of a parallel between a famous rooftop concert and the current market.
As stocks slink into the end of Q1 amidst a bevy of perils, there’s a sense of calm before the storm. Then again, SPX closed yesterday above its 3.618 Fibonacci extension – though just barely this time. Can the algos keep the music playing?
continued for members…
What might come if allowed…
As we’ve discussed daily for the past week, it’s still mostly VIX and USDJPY doing all the heavy lifting. 
Gold is still thinking about it, while silver is still breaking down…
And, CL and RB are clinging to recent lows by their fingertips. Should break free next week.
I have several meetings this morning, will post more this afternoon if anything interesting happens.
GLTA.
UPDATE: 8:30 PM
New all-time highs? Why not. Only 17 points until ES’ 3.618 Fib.
But, SPX has had trouble with this channel top before. 