Thursday, 24 April 2014

2pm update - minor afternoon weakness

Another minor down wave to the sp'1870s, but it is very likely just another tease to the equity bears. With underlying upside pressure - seen better on the daily/weekly cycles, Metals are trying to build upon early reversal gains, Gold +$6


sp'60min


Summary

Minor down wave...another tease to the bears.

I do NOT expect new lows into the close.

Typical turn/floor time remains 2.30pm.
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RIG just keeps on climbing, +4.6% in the mid 43s.   Seeking 44/45 tomorrow...where I would exit for the weekend.