Tuesday 4 March 2014

2pm update - F flag on the hourly cycle

US indexes are holding very strong gains, especially on the two leaders - Trans/R2K. Price structure is currently an F flag...bullish into tomorrow - when we have some sig' QE-pomo to help sustain the gains. Metals are holding moderate declines, Gold -$11


sp'60min


Summary

..struggling to think of something else to note...on what is just another day for the bull maniacs.

Notable strength: UGAZ, +9%.  The last two days of price action in Nat' gas appears almost entirely back to front, relative to the geo-political news.