Nasdaq, daily
sp'weekly8
Summary
*note the upper bol on the sp', now in the 1810s. Certainly, 1815/20 is possible this week, with 1825/35 viable next week.
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Well.. here we are...in what is a 3.5 day trading week. Trading will probably be even lighter than the past few weeks.
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*there is sig' QE today..so bears face the usual problems.
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Notable mover... FB , -1.9%.
From a price perspective, a daily close in the 44s..will open up a H/S target of $35
10.03am.. FB snaps.. -4%..and arguably starting to confirm the floor has just been removed.
There is a pretty clear $9 to fall..across the weeks..and next month or two.
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10.08am.. indexes offering black-fail candles...sub'5 might be complete.
A week of chop ahead? After all, at best..25/30pts lower.
Regardless, new highs were hit..and primary trend remains to the upside!
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