sp'60min
Summary
Do you remember the colouring books you'd have as a child? I think the latest fed book will make no more sense than grabbing a red pen, and colouring in a fire engine.
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Hourly MACD cycle is ticking lower, and is vulnerable to weakness into the close. Regardless of any minor weakness, primary trend remains strongly to the upside.
A fair few traders are looking for at least a minor retracement, 0.5-0.75%..perhaps the latest beige book will provide Mr Market with an excuse...
Notable strength: DRYS +4.9%, a daily close in the 4s would be highly suggestive of the 5s in the very near term.
2.03pm.. Beige book summary 'weather bad....weather bad...weather.........bad'
Market indexes creeping higher.
5/15min index cycles prone to minor upside..although the hourly is prone to weakness..so..its a bit mixed.