sp'15min
Summary
A bit of a noisy afternoon in market land. The little down wave will have no doubt concerned some of the bulls, but really...the breakout did occur, and the weekly charts will close the day outright bullish..if sp'1693 or higher.
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Here is a thought...
Prior to the 3pm show..does Ms. Bartiromo stand in front of her makeup mirror practising the line 'we're off the lows of the day...we're off the lows of the day.....we're OFF the lows of the day!'.
Good work if you can get it.
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Here is one to typify the market we have...
NFLX, daily
4% higher..and does anyone really doubt 400s..if not 500s..next year? The good thing, at least it makes a profit..unlike AMZN.
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3.13pm..market wants to close in the 1690s. Bears are getting the chance to exit ahead of what will likely be much higher levels across the rest of the week.
3.31pm... 5/15min cycles look primed for sig' upside
....especially early tomorrow. Maybe we can test 1710 by late tomorrow.
3.42pm..if 1692..then another 4pts by the close? Its all looking rather clear now.
3.50pm..here are the 1692s ! ramp time..probably.