sp'60min
Summary
*price structure is a viable baby bull flag on the hourly chart. Certainly, the 1985/90 zone is possible tomorrow if Yellen pleases the market.
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For the equity bears, a lousy start to the week, but there can be no excuses, whilst the primary trend on the bigger weekly/monthly cycles remains 100% bullish.
Indeed, there is viable upside to sp'2050/75 by early September, which would easily offer the big fib' level target of the 2130s early next year.
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There are a LOT of key individual stock movers to highlight today... and I'll be specifically looking at DRYS after the close...
However, I'll note here... go take a look at... ANR/BTU, FCX/TCK, RIG/SDRL, STX, FB/TWTR, DAL/UAL.
All look set for higher levels.
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back at the close