sp'60min
Dow, daily
Summary
*Equity bulls need to hold the Dow 16400s..where the 50 day MA lurks
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Well, lets see if we can level out by 11am...at which time the QE fuel - of $2-3bn, should be enough to kick everything back positive.
A daily close, around sp'1895 remains a very valid target.
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Notable weakness...URBN, -5%...seemingly headed for $30.
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10.03am... smaller 15/60min cycles offering first sign of a turn.... ahead of the QE fuel.
No doubt, there will be a whole lot of whining and bitching on Zerohedge if we close significantly higher by the close, but then..those maniacs haven't learnt a damn thing since 2009.