sp'60min
Summary
A tiresome..and somewhat sleepy end to the week.
There really isn't anything going on in market land,
At present, we are only fractionally lower on the week, but almost 1% lower from the 1775 high.
sp'weekly8
updates into the close, if I'm still awake. urghh
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3.27pm...the micro 5/15min cycles are prone to a significant drop in the remaining 30mins.
sp'5min
A close in the 1740s..is just about possible.
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3.37pm.. sp'1761...poor bears..getting short-stopped out. There is just a lack of downside power in the main indexes (Trans/R2K) still weak though.
A weekly close of 1760 would be about flat...a doji candle, and no doubt, some will tout that as a major top sign.
3.44pm.. Oil.. -1.7%. That is something not many are noticing today. Sure will help the general economy..and especially those transport and mining stocks - the latter are especially heavy dependent on fuel.
Main market, sp'1762, and the bears just not able to halt this afternoon micro rally.
For many..an annoying end to the week.