Friday 25 July 2014

3pm update - bears closing out into the weekend?

US equities have seen a somewhat surprisingly weak end to the week, but it remains highly notable that the sp'500 remains a mere 0.6% from the historic high of 1991. VIX remains relatively crushed..and could even close fractionally red, if sp'1984/86 zone.


sp'60min


Summary

... its felt a bit of a battle this week....

I'm tired.... I think the chocolates and tea are starting to wear off...

--

Hourly cycles look floored, but hey...I said that around 11am.

Regardless, I hold moderately long (the R2K) into next week.


3.18pm.. minor chop... and so far...equity bulls are just not appearing. Has everyone gone home?

Pretty tiresome end to the week.... 


3.43pm.. can the bulls at least hold 1976 ?


 hmmm