Monday, 15 July 2013

2pm update - time for another micro ramp

The smaller 5/15/60 minute index cycles are all arguably floored, and upside in the remaining two hours of the trading day looks likely. A close in the sp'1685/87 area is the target, and that will eaily offer the 1690/1700s tomorrow.



There are no doubt a LOT of short-stops in the 1685/90 area, and those will no doubt get taken out in the very near term. Bears...beware!

*I remain content to watch this nonsense from the sidelines. Oil remains an interesting trade, but...I'm just not in the mood to meddle in that today.