Wednesday, 17 June 2015

11am update - chop chop

US equities are moving into minor chop mode.. ahead of the FOMC. There remains a high chance of the 'spike higher and reversal' scenario this afternoon. With the USD turning positive, +0.1% @ DXY 95.10s, the metals are under pressure, Gold -$6, with Silver -0.3%.


GLD, daily


*price structure is a bear flag in Gold.. although I'm not particularly in the mood to re-short it.

3 hrs until the Fed nonsense.... market will now surely just remain in a holding pattern until then.

notable strength: TSLA +3.2%... did they sell another car this week?
time to cook