Wednesday, 23 July 2014

1pm update - minor down wave

US equities have cooled a little from the earlier historic highs (Trans/SP), but overall price action remains very strong. Daily net index gains look likely... with the giant sp'2000 level likely to be hit next week.



So... a down hour... the horror!

I'd guess the micro 5/15min cycles will be fully reset by 2.30pm.. with upside into the close.

*I'd like an R2K close in the 1160s... a break into the 1170s is kinda important this week.

Update from Riley

back at 2pm