Wednesday 25 June 2014

11am update - minor upward melt

US indexes continue to push higher..if slowly, from the opening minor declines. The sp'500 looks set to climb for a few more hours..before another roll over.. late today.... or Thursday. In the scheme of things.. it makes no difference. Downside target zone remains 1940/35.


sp'60min


Summary

Little to add.

Minor wave up... call it a 2, B..or whatever...we're set to drop some more.
-

Arguably, anyone looking to go long..should get a chance in the 1940/35 zone this week.

-
*WFM is even more annoying that yesterday.... until it is back in the $40s.. I'm not going to be in the best of moods.