sp'60min
Summary
A difficult day to get into...despite the general moderate weakness across the day.
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*I remain long, and awaiting earnings from CHK and RIG..both due tomorrow.
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3.12pm.. bullish hammer on the 15min charts...bears....beware!
The setup..ahead of the Yellen really favours the equity bulls.
3.17pm... market looks fine to rally all the way into the close...1875/77...look viable...with the 1890/1900s..tomorrow..or Thursday.
3.30pm.. minor chop...and a daily close in the 1870s now looks reasonably secure.
Regardless of how we open...we won't be trading at these levels tomorrow...
3.39pm.. Mr Market wants to break UP UP UP....price action is NOT bearish.
What will be incredulous is seeing the doomer maniacs ZH attribute all manner of reason for the latter day rally into the close.
1871..and climbing....
3.44pm.. TWTR -17.5%...... the hilarity of it.
Here is an idea, how about charging registered users $25 member fee per year? How does that sound? Maybe someone should tweet it?
3.53pm....continued weak chop....and flirting with the 1870 level......with TWTR still melting lower.
back at the close!