Wednesday 20 November 2013

1pm update - holding moderate gains

Equities are holding moderate gains, with the hourly index cycles offering significant risk of upside into the close. Metals remain weak, and highly susceptible to an afternoon snap lower. The ECB looks set tor negative interest rates....thats bullish...yes?


sp'60min


Summary

So..an hour to go until the next Fed press release. From a pure chart perspective...we're likely headed up...target zone is 1810/20s.
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notable mover.. TSLA.


Target remains 110/100. A sig' bounce off the 200 day MA is very likely.