sp'60min
Summary
The hourly MACD cycle is offering a rollover for early tomorrow, but really, at best...maybe 1875/70..and from there.. a weekly close in the 1890s.
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I realise for many out there, these are difficult days.
There is the FOMC next Wednesday, with QE Taper'4, but really, does anyone still think <1814 in the near term, really?
*I remain content to watch the lunacy...from the sidelines.
3.14pm, minor weakness..with the hourly cycle rolling over into the close.
Regardless, my recent target of 1850/40s is dropped, and at best..maybe we'll test 1875/70 tomorrow morning..before the next QE fuel kicks in.
3.20pm.. rolling rolling rolling.
Anyone getting overly exited yet at the prospect of a down cycle from 1884 to 1875/70?
Urghh
3.27pm.. VIX battling for a positive close...with sp'1881..
I'd have to guess, early Wednesday weakness, before upside, which would make for 7 up days.
I was looking at the QE schedule, 3 'moderate' days, of the next 5 trading days. Bears...beware!
3.35pm... Market continues to slowly slip...although VIX is still red.
Notable weakness: Oil -1.75%..which is a pretty sig' drop.
3.41pm.. oh noes..we might close <1880....! The horror.
Actually, more than anything, I'm looking forward to next Wednesday, things might get interesting then, although the weekly cycles are still suggesting we'll battle upward.
3.47pm... and the VIX turns positive..first time today.
3.54pm.. notable weakness in the coal miners, ACI, Arch coal -8%....the next to implode?
back at the close...