1pm update - a clown song for Bernanke

US equities look set to rally into the late afternoon. We now have a very solid floor of sp'1772, and equity bulls should comfortably retake the 1790/1800s by late Monday. Metals are holding gains, Gold +$9. Oil is trying to recover, now just -0.6%.


sp'60min

Summary

Market still battling it out, but bears are losing control. Considering the price action..and structure, it'd be real odd if we broke <1772.

Much like Dec'5, we could trundle and confuse many into the close. The Monday open will offer much easier upside for the bulls.
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*Bernanke is 60 today...in honour of the worlds leading printing maniac...who managed to both save the western world..and condemn it at the same time...



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stay tuned


1.21pm.. hourly MACD cycle about to go positive..bullish crosses a'coming!