Thursday 19 June 2014

3pm update - baby bull flag

US equities continue to see minor churn. Price structure is a baby bull flag, which will be offering the sp'1960/65 zone tomorrow. Any weekly close above 1945 will keep the weekly cycles on outright bullish. Notable very strong gains in the metals and the miners.


sp'60min


Summary

....infinately more important though......

Uruguay vs England....

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*I will hold WFM (long) overnight. There remains threat of a brief foray into the 39s, which would make for a full back test of the original breakout. The 42s don't seem that bold a target.. within the next 1-3 trading days.
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Anyway....time for kick off. 
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3.48pm.. possible micro double top on the indexes, but anyway....quad-opex tomorrow...chop..but no sig' down wave.

back at the close.