Friday, 19 September 2014

1pm update - minor down cycle probably complete

US equities are seeing some minor chop, having cycled down from sp'2019 to 2009.. a soft decline of around 0.5%. There looks to be renewed upside into the close, but it will likely be somewhat choppy.. since it is quad-opex.


sp'15min


Summary

*I am long-index, from sp'2011. Unless we jump sig' higher into the close (>2020), I will hold across the weekend. Seeking the 2030s.. as supported on the bigger weekly cycles.
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MACD cycle on the smaller 5/15min cycles look floored. Certainly, I think its a valid level to go long.. - when considering the broader trend.
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time for a walk...between the storm cells.... back soon.