Tuesday, 24 September 2013

1pm update - bears in trouble again

The hourly and daily charts are starting to offer a pretty clear turn to the upside. The bulls merely need a close >1705, that would suffice. With two major QEs (Wed/Friday), the bulls have a very significant chance of ending the week in the sp'1725/35 zone.




Daily charts look especially bullish for the Trans/R2K.

A long afternoon ahead, plenty of time to break >1710, although as noted, bulls should be content with any close >1705.