1pm update - continued chop

US equities are holding minor gains, although there is a touch of weakness in the more volatile R2K - which is holding just above 'revised' rising trend support. There is sig' weakness in Oil, -1.4%.


R2K, daily

Summary

*I've only just noticed the big fall in Oil, did inventories annoy the commodity market?
--

Well, still an hour until the FOMC minutes are released. We should see some kind of move from there. Price action doesn't support the bears today, I'd be very surprised if it all unravels this afternoon.

-
...still meddling with blog template colours....hmm. Somewhat better, yes?

-

1.02pm The R2K hourly cycle.. due to go positive into the close... although price structure is a bear flag.

One way or another...we'll surely close somewhere different from where we are right now.

Underlying upside remains.