sp'60min
Summary
*I was looking for a black-fail candle to start the day... and as at 9.54am...R2K has a BLACK-fail candle.
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With a barrel of QE fuel due to appear this morning..bears face underlying upward pressure.
In theory..we could close today in the 1920s..which would certainly bemuse the mainstream, considering the lousy (and it WAS lousy) GDP data.
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I remain on the sidelines. I can't short (not least with the weekly cycles pushing up)... but I can't go long.
Yeah..trader paralysis....although at least I'm not losing money on the short side.
10.38am.. R2K turns red...rest of the market...probably to follow.
Primary target is sp'1902/00...with R2K 1127/25