The hourly cycles are very close to rolling over, and we might see strong confirmation by the close. Red indexes are viable in the late afternoon.
Kinda tired, its been a busy few days. Now its just a case of waiting.
*I am now also short the overhyped and overvalued FB from 26.50. Seeking $20 within 3-6 weeks.
time for lunch :)
UPDATE 12.30pm With the politicians talking again, Mr Market is all over the place.
updated 60min chart, with possible new down channel.
I'd like a close today 1405/00. I certainly don't want any breaks >1420, but I can sustain that..if necessary. I am pretty confident of the overall outlook. So long as we don't break and hold the 1440s, should be good.
What is important to recognise, a daily close <1400, would be significant, and probably confirm that wave'2 is complete.