Futures volume was not heavy yesterday at 1.7m, but there were 4.6bn shares traded on NYSE, which is relatively high. Internals were strong all day, which ultimately led to the breakout holding and pushing up into the close. The range gap from Tuesday has not been closed. A poor high has been left yesterday and there are naked POC/VPOCs to the upside

The move higher stopped just short of the VAH of the micro-composite range since mid December. Each side has been tested several times now during the volatility of the year so far as underlying fundamentals and future growth become less certain.

A break through and retest of 2060 now should see new all time highs quite quickly. Failure to break through there will likely see a re-test of the low of the range and increase the odds of a breakout to the downside.