Thursday 26 June 2014

1pm update - baby bear flag

US indexes are naturally trading quietly.. with the second half of USA vs Germany, still ahead. Price structure is offering another bear flag, with downside into the low 1940s later today. Metals are weak, Gold -$3, whilst Oil is lower by a somewhat significant -1.0%.


sp'5min


Summary

*bear flag is very clear on the micro 5min cycle.
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So...once again, its a case of do we break lower in the late part of today..or instead..early tomorrow.

Hard to call, but the 1960s look well out of range until late Friday at the earliest, if not next week.
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Notable strength: TWTR, +4%... and headed for the big $50 by mid July.


stay tuned.