2pm update - floored in the 1780s

The main indexes look floored in the sp'1785/80 support zone. With a fair bit of QE fuel circulating out there today, a daily close in the low 1790s looks viable. New highs look due across the remainder of the week. Metals remain weak, with major downside likely as the week continues.


sp'60min

SLV, daily3

Summary

Today continues as expected. A fair bit of chop...and so far..the first support zone of 1785/80 is comfortably holding. Indeed a close in the 1790s would again confirm the underlying strength.

--
2.35pm .. market looks primed to spike higher in the closing 90mins.