Tuesday, 27 October 2015

2pm update - six red candles

With six consecutive red candles on the hourly cycle.. the market has cooled from sp' 2072 to 2058.. a entire 14pts... 0.7% of pure horror for the equity bull maniacs. The 2080/90s still look highly probable before a key short term top. Oil remains very weak, -2.1% in the $42s.


USO' daily2


Little to add.

notable strength: BABA, +3.8%... but...

.. the daily black-fail candle is not so great.. .a fail at the 200dma.. at least provisionally.

back at 3pm