Wednesday 25 June 2014

Closing Brief

US equities closed moderately higher, sp +9pts @ 1959. The two leaders - Trans/R2K, settled higher by 0.9% and 0.8% respectively. Near term outlook is for moderate downside to 1940/35.. before renewed upside into July.


sp'60min


Summary

*Time for another pair of games... I'm going with the French game
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Despite failing to roll lower into the close, it makes little difference.

Price structure is a very clear bear flag - call it a B wave if you like, and we're set for lower levels tomorrow. I'd not be surprised if we see sp'1940/35 tomorrow at some point, as part of a mini washout.

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I'll post a full daily wrap at 8pm EST.
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time for Ecuador vs France!