sp'60min
Summary
A new week..and there is already a lot to cover...bear with me!
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The second red 'rainbow' candle on the weekly chart...and we've not seen that since Nov'2012. Unquestionably...the style of trend we saw across all of 2013 is...over.
sp'weekly'7
The real 'prize' would be a hit of the lower weekly bollinger...which has jumped at the Monday open to 1682. It will be a very viable target mid/late Feb...in the 1740/20 zone.
Notable weakness: TWTR, -4.5%... wanna buy that loss making nonsense in the upper $50s? ;)
10.23am...weak weak weak...and we're moderately lower.
Bears really need to be cautious here..and despite what some were touting over the weekend, this is no 'crashy Monday'.
Frankly..its a place to drop shorts..and wait for a 'stupid bounce'. Whether it takes until late tomorrow..or after the FOMC..it doesn't really matter..does it ?
TWTR..-6.5%.....what a crying shame to see that.