2pm update - market creeping higher

There is a fair chance we've maxed out at sp'1996.. at what is arguably short term downtrend resistance. All things considered, market still looks set for another wave lower, to the low 1970s, whether tomorrow..or Friday.


sp'60min

Summary

...back from the park.... on what is depressingly another day closer to winter.

Bearish shadows

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As for the market... bears need to be mindful of $2bn of QE tomorrow morning, although right now, the sp'2000 threshold looks unlikely to be hit until next week... after the 1970s have been first hit.

Hourly MACD (blue bar histogram) cycle is set to go positive into the close/early tomorrow.. so.. its a bit of a conflicted situation.
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Notable strength, TWTR & GRMN, both higher by a strong 4%
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2.20pm.. market remains stuck at sp'1993.... bears just need <1990...to keep the low 1970s viable for early tomorrow.

Notable strength in AAPL, +2% @ $100