Tuesday 2 June 2015

1pm update - close to resistance

Just like yesterday afternoon, the market is again testing declining trend/resistance.. currently around sp'2118. A break into the 2120s would negate the near term downside target of 2090/80 zone. USD continues to slide, -1.6% in the DXY 95.80s. Metals and Oil are naturally being pressured upward.


sp'60min



UUP, daily2


Summary

Once again...  we're close to a bullish breakout. Yet seriously... who wants to buy here?

The Greeks... has a great deal to answer for.. not least in how they are messing this market around. Its getting real tiresome.
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*As for Blatter quitting... I guess that is bullish for FIFA.