S&P Turns Green For 2016 As "Average" Stock Reaches Key Technical Resistance
On the heels of Trannies and The Dow, The S&P 500 just crossed into green for the first time in 2016. This technical melt-up occurs as the "average" stock reaches a key intersection of recent trendlines...
S&P 2016 Green for St.Paddy's Day... 2043.94 taken out
Note the VIX tails as the market lurched higher... VIX slammed to a 13 handle...
But as Dana Lyons' notes, the "average" stock is hitting key resistance...