sp'15min
Summary
Earning at the close: TWTR, AXP
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So much for the micro bullish pennant.. with that failing.. yet another snap lower.
A somewhat tiresome day... I don't expect much in the closing hour.
Equity bears have a 'fair chance' at the low 1960s tomorrow morning, but new historic highs look likely shortly after.
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R2K battling to hold gains of 0.5%
3.29pm.... From a bearish perspective, the cycles are BADLY setup for tomorrow.
5/15..even the 60min cycle are not particularly good for anyone holding short overnight.
There is sig' risk of a gap right into new highs at the Wed' open.
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3.43pm.. King O' speaking live on Ukraine..... not exactly helping the market mood.... morning low taken out.. sp'1972.
Let me be clear though... the setup for the bears tomorrow is 'technically' a lousy one.
Sure we could open Dow -75/100pts...but I'd not expect it to last...but then, that has been the case for many...many months.