Tuesday 8 April 2014

1pm update - the bounce continues

US markets continue to battle higher, with the sp' +10pts @ 1854. VIX reflects a market that has little concern, even this morning as the sp' briefly lost the 50 day. Metals are holding gains, Gold +$12, whilst Silver +0.8%


sp'60min


Summary

...and I'm awake again. Yeah..I'm kinda tired today.
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So..we're still broadly going up...and no reason why that won't continue into early tomorrow.. the 1860s look a pretty easy target.


1.38pm Most notable right now..hourly MACD cycle going to go positive cycle in the 2pm hour... pretty bullish...and a daily close in the 1860s..very viable.

That will make the 1870s viable tomorrow morning, and no doubt, many bears will be disgusted at that.