2pm update - due another micro cycle lower

Its that time of day again. Time for another random rumour to give the market an excuse to cycle lower for an hour. Market looks vulnerable into the close, not that it will do anything to dent the massive underlying pressure to the upside. Very bullish day...in a bullish week.


sp'60min'3

Summary

Even a decline to the low 1640s will do nothing.

...and I'm guessing the FOMC will merely give the market a great relief..and excuse to hit the 1670/75 area.

--

R2K is making a play for 1000, and the Transports are +1% in the 6350s.

Everything is 100% bullish, and looks set to accelerate across the week.


2.10pm.. R2K , back at 1000,  next target 1050/75

stay tuned