sp'60min
R2K, monthly
Summary
*Seen on the giant monthly chart, the R2K gain is indeed very powerful, and bodes well for those holding long across the coming weekend...into March.
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I remain trying to ignore the minor noise, and am merely waiting until the next FOMC as a target 'big short'.
Notable weakness: DWA, -13.5%, choppy action in the low $30s.
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2.10pm... minor down cycle..back to 1845... hmm
Still...I just don't see any real downside power out there. This is the same nonsense we saw at the open...and yesterday..and the day before...etc....
2.30pm.. sp'1841.... hmm ..marginally interesting..but we've seen this kind of price action for days now.
Bears face Yellen and 3-4bn of QE tomorrow....who wants to be short ahead of that?
2.33pm..market 5/15min cycles offering an initial turn..at sp'1840.
(I fully note...these move are ALL tiny..and in many ways..it is laughable they even merit ANY mention).
Personally, i just await the Yellen..will make for something to watch tomorrow.
2.41pm..a few pts down..a few pts up.....churning ahead of the Yellen.
5/15min cycles will be offering upside into the close..AND tomorrow.