Thursday, 18 September 2014

2pm update - indexes stuck

US equities are holding moderate gains, with the sp' stuck around 2009/11. Some will no doubt call it a double top with 'big downside to come'.. but with the past few days of price action, the broader trend remains... unquestionably bullish.



...back from a final walk...on what is very likely the last day of the Kingdom.... naturally, I look straight up...and I see the following...

A sign from the gods?

Seriously though... the rest of the evening is a pretty monumental one for anyone in the UK. There will be blanket TV coverage across the night... we should have a clear idea of the result by midnight EST.

As for the market...2 hrs to go... on any basis, we're due some degree of natural down cycle, but clearly, the pressure remains broadly to the upside.

*I remain content on the sidelines, and considering the weekend is tomorrow, will likely remain that way until next week.

2.15pm.... chop chop...... night is falling over the city..... and the Kingdom

Just imagine if Texas or California was splitting from the USA this night!  No doubt, many in Spain will be watching tonight... ready to be inspired..or horrified.