sp'60min
Summary
*underlying MACD cycle is low..and there is very much the threat of new index highs this week.
--
A quiet start to the week overall..and I realise many out there haven't even booted up their trading screens today.
Many seem equally content to wait and see where we are next week..at the FOMC.
--
DRYS is starting to look somewhat ugly
With a break <$3.80/78...I'm no longer interested. Price action just looks weak.
-
3.31pm... the chop continues.
Meanwhile...coal miners remain exceptionally weak, ANR, BTU..breaking new lows...monthly charts look dire.
3.53pm.. nasty market..wants to close green.. poor bears :( Oh well, only another week to go.