sp'daily5
sp'weekly8
Summary
Evening everyone!
So..Mr Market is naturally a little rattled by the developing crisis in the Crimea.
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Best guess for Monday...a close that is markedly higher than whatever morning low we see.
I'd sure not be surprised if we close a little higher - although there will be very strong resistance at the weekly upper bollinger - currently around sp'1870, but will probably rise in late March/early April.
As it is, I have no real interest to get involved right now..and am merely waiting for the next FOMC of March'19.
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updates...into the early night..as necessary
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6.40pm EST .. sp -17pts...so..we'd open around 1842
Metals are higher, with Gold +$10...
Clearly, the moves we're seeing in the opening hour are kinda interesting, but nothing dramatic.
Certainly, if the market is in a bad mood tomorrow morning, lower levels are likely, but I really don't expect anything too major.
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7.35pm EST sp -18pts.... 1841... so.. a 1% decline.
Again, its nothing dramatic, and I'd be VERY wary that this nonsense won't manage a green close.
Bears face sig' QE-pomo Monday and Wednesday...and by end of the week, if Mr Market likes the jobs data, then a weekly close in the 1880s is most certainly viable.
*monthly charts will be important to watch at the Monday open. Will see the upper bol' jump to 1940/50....which of course is a fair way higher than current levels.
Oscar posted an interesting ES chart...
see: Oscar's chart page
..and the Oscar for most bullish chart goes to....
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8.45pm EST..... futures -0.8% or so. Still a moderate chance it'll briefly spiral lower early Monday, but overall....nothing even moderately crashy.
Not expecting anything more overnight....I'm outta here..
Goodnight from London
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back at the Monday open.