Friday 10 April 2015

2pm update - baby F flag

US equities continue to melt upward, sp +10pts @ 2101. Price structure is a baby bullish F flag.. offering further upside next Monday. VIX is reflecting a fearless market, -1.9% @ 12.80s. Metals are holding gains, Gold +$12. Oil is significantly higher by 2%, but still looks vulnerable.


sp'60min


Summary

Little to add.

Market is in classic melt mode... set for a weekly close in the sp'2100s.
-

Notable strength: GE +9.1%... headed.. far.. far higher.