Tuesday 29 October 2013

2pm update - ultimate melt mode

A look at the hourly sp'500 chart presents an incredible 5 days of consistent algo-bot melt to the upside. With the sp' breaking into the 1770s, the daily charts are now offering 1795..even 1800 on a hyper spike if Mr Market likes what the FOMC have to say tomorrow.


sp'60min


Summary

Slow motion..bullish freight train.

The Bernanke must be very pleased with himself. sp'1400 to 1770..and we've still 2 months left of the year!
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