Tuesday 13 January 2015

12pm update - baby bull flag

US equities have cooled a touch since the earlier high of sp'2056. Price structure is a rather clear baby bull flag, and is suggestive of a break above last Friday's high of 2064..  tomorrow. Metals are holding minor gains, Gold +$3. Oil is increasingly choppy, back to red... -0.5%


sp'15min


GLD, daily


Summary

Seen on the smaller 15min cycle.. we do have a likely small bull flag... resetting the smaller 5/15min cycles.. before renewed upside.. whether late today.. or tomorrow.  The sp'2100s look due next week.
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VIX update from Mr T.


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time for lunch, back at 2pm