Thursday, 26 June 2014

2pm update - mini surge into the 1960s?

US equities are trying to claw back to evens.. with the USA moving into the last 16 of the world cup.  A daily close in the sp'1960s still looks difficult, and there remains threat of another down wave late today..or early tomorrow.



So...a little spike higher..but price action still looks kinda weak.

As for the C wave target box.... hmm, still viable....although I realise some might want to call this a 5 wave decline now.. with E into tomorrow.

Anyway....USA are through...they did well.

Notable strength: TWTR, +5.6%

2.24pm.. market looking vulnerable to weakness into the close... downside target remains 1940/35...but right now, that looks more likely tomorrow.