sp'60min
Summary
*I've picked up an index LONG, from sp'1935. Seeking the 1950/60s. I also continue to hold WFM, seeking the $44s.
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So, we're lower, but this price action has no real power to it, and I'm still looking for a renewed push higher.
On that basis, I've even decided to pick up an index long, but will seek to drop that.. along with WFM into the Friday close.
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11.19am.. so far... it does look like we have a mid morning floor, with a turn...well underway.
Equity bulls should be seeking a daily close in the 1945/50 zone... I'd be surprised if we see above that today...
Indeed, a weekly close...1950 would be difficult.
Weekly cycles will offer 1960/65 by next Tue/Wed....1970/75...on an FOMC 'spike'.