sp'60min
Ford, daily
Summary
*Ford remains weak, a clear bear flag on the daily chart...downside target remains the low 14s..before upside into the late spring.
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As for the indexes, this is surely just a little tease to start the year, before the upside resumes.
I suppose it could remain choppy for a few more days, but hey..the QE-pomo resumes next week, and then we'll probably be in the 1850/60s...with the bears still desperate for something more significant than what we have seen this morning.
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Major ramp viable from 1.30pm onward. Will be interesting to see how the first 'latter day recovery' of the year proceeds.
1.25pm.. Well, its prime time for a snap higher..lets see what the bull maniacs got in them!
1.35pm, for the day-traders out there, makes for an easy long trade, with a long-stop at 1830/29.
A daily close in the 1840/45 zone...very viable..plenty of time still left today.
1.52pm...here it comes....bears have no excuse to not see this one coming!