sp'60min
Trans, daily
Summary
Trans - 'old leader' is just 0.5% from breaking a new high >7627.
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With two hours to go, there is plenty of time to turn all this lower, but really, the price action very much favours the bulls.
Besides, if market decides it likes the ADP jobs data tomorrow, none of today will much matter anyway.
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*I remain holding a secondary short block, but will get the boot if >1884, which I currently expect.
2.15pm... afternoon double top in the 1882/84 zone? Urghhh.
Regardless of how we close, I'm real tired of this week already, and its only Tuesday.
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2.30pm.. 5/15 min cycles favour the bears in the remaining 90mins....
However, barring a close <1870...bears can't call today anything other than a key failure, with fractional new sp'500 high.