Monday 10 September 2012

2pm update - looking upward for Tuesday

Everything remains on track for a further move higher to around sp'1445 tomorrow.


sp'60min



sp'daily5



Summary

Not much to add. Low volume churn, whilst the hourly cycle fully resets, allowing a good sp+10pt move tomorrow.

It remains a near perfect bull flag on the hourly index charts. With the daily trend still cycling higher, those patient bears looking to short a top, don't have to wait too much longer.

Oh, and the transports is having a good day - a probable warning of upside in the dow/sp tomorrow..

 
yours... patiently waiting.

More after the close