sp'60min
Summary
Hourly MACD (blue bar histogram) cycle is already negative, and will be close to flooring in the near term. There is clear viable upside across Wed/Thursday..into new historic territory.
-
Considering the price action, and with a heavy QE on Thursday, it would seem it is just a matter of whether the next major up day is tomorrow..or Thursday.....rather than 'if'.
2.27pm..the chop continues. Eyes on the VIX. A red close is still possible, which would be the 8th daily decline.
UGAZ +13%, hmm