sp'60min
sp'weekly8
Summary
*note the lower bollinger on the weekly, now at 1724. Next week it'll be 1740s, we ain't breaking <1737 for some months.
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All the talk of a retracement..we have already seen it...1826/1809.
This market remains fuelled by QE..and this morning will see $2-3bn of pomo fuel...bears have no excuse to note be side stepping this. The fact there is HEAVY QE of 4-5bn on Thursday...should make anyone considering the short side just walk away for the entire week.
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VIX +4.8%, but still, we're only in the 14.20s. A red close today would be the 8th daily decline.
Meanwhile...
Over in the Ukraine..its getting rowdy as the sun sets. LIVE feed
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10.06am.. micro down wave.. should find support around 1833/32.
No real downside pressure, QE money is going to be a problem ALL this week.
10.30am... minor chop...and the bears lack any real downside power.
Anyone still doubt 1850s coming?
notable strength: UGAZ +12%