sp'60min
sp'daily5
Summary
The hourly index cycle is about 2-3 trading hours from going negative on the MACD (blue bar histogram) cycle, so there is a threat of late day downside, but really, it is nothing the bears should be chasing.
Downside is surely limited with most of the market already in semi-closed status.
With the holiday break - which effectively takes us into next week, there is no point in trying to trade it.
Maybe I can find a few interesting charts to post this afternoon.
time for lunch, back around 2pm.
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ohh, here is something...
FB, daily
FB trying to break above the giant gap level. A few closes in the 26s, would be admittedly bullish into next year. Fair value remains $4 though. I certainly am just keeping an eye on it..for now.