2pm update - awaiting another rollover

The main indexes are holding moderate gains of around 0.6%, with the sp' seemingly stuck around 1640. The Transports is flat, after an earlier touch of what is an old channel/trend, whilst primary downside target remains around 6000.


sp'daily5

Trans

Summary

Not much to say, its turned out to be very much a holding pattern day.

Despite the current gains, I'm still looking for a rollover, if not today..then tomorrow.

Next soft target is the psy' level of sp'1600, considering 'everything'..that still seems viable by the Friday close.


2.23pm.. well, we're seeing a touch of weakness, and I certainly would prefer a close <1635.

*for the bears..there is NO QE-pomo for the remainder of the weak to be concerned about.