sp'60min
Summary
It remains a marginal situation.
Underlying MACD (blue bar histogram) hourly cycle on the indexes is looking pretty high, and I'm still concerned of a further wave lower into early Friday.
Thursday 22 August 2013
1pm update - market stuck
The main indexes are largely stuck, with the sp' still unable to break the 1656 level, which has been resistance since Tuesday afternoon. Bulls should be seeking at least a close in the 1650s, anything <1645, will open up a weak Friday open.
sp'60min
Summary
It remains a marginal situation.
Underlying MACD (blue bar histogram) hourly cycle on the indexes is looking pretty high, and I'm still concerned of a further wave lower into early Friday.
sp'60min
Summary
It remains a marginal situation.
Underlying MACD (blue bar histogram) hourly cycle on the indexes is looking pretty high, and I'm still concerned of a further wave lower into early Friday.