sp'60min
Summary
So, the sp'1800 looks set to be broken through, and those looking for an inv. H/S can probably ditch that scenario at the open.
A daily close >1810 would be important, and open the door to new highs in March/April.
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Video update from Oscar...
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..awaiting the Yellen press release at 8.30am
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8.42am ...the Yellen statement is out..and taper'3 is on the table...for March'19.
Market is holding 1800..just.
Certainly...interesting day ahead!
Notable mover: UGAZ +5.5%.. GDX +1.4%
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9.00am I realise many out there are getting bearish now, but hell, we only need to close +11pts - a mere 0.6%, to break the 50 day MA..and that wrecks any of the bigger near term bearish outlooks.
9.18am indexes set to open...FLAT. Hmmm
Even the metals are slipping...Gold +$4..after +10
9.34am... well, we've clearly broken the 1800 threshold, VIX is a touch red, but...not much.
A tricky morning ahead, but daily/weekly momentum is still turning back to the bulls.
TSLA, breaks to $202.20 in pre-market...who is crazy enough to still short ?