R2K, daily
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Spike floor candles are only marginally less important than a black-fail or red reversal candle. The fact we have no less than 4 spike floors is actually pretty bullish..at least for the near term.
Of course, any break <1080..will open the door to much lower levels..at least to the equiv' of sp'1814, but I am not expecting that.
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Three videos..to end..and start a new trading week...
First... from sp500chart.com
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Second...some doom chat from Hunter with Mr Shadowstats
I have to note though, I do not hold to the dollar doom outlook at all. Quite the contrary, with either the Yen or the Euro going first.
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Finally, a super brief update from Oscar..who is looking to be long the market - at least to begin the week.
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Equity bulls have their best opportunity across Mon/Tuesday, not least due to some QE-pomo fuel..although yes, that will only amount to $2-3bn a day. The days of $5bn POMO are over.
Goodnight from London