Friday, 6 February 2015

2pm update - minor weakness

US equities have seen a minor down wave from sp'2072 to 2062. Hourly cycles are set for a bearish cross into the weekend, but it will do essentially nothing to what has been a hugely bullish week. Metals remain very weak, Gold -$32, with Silver -3.9%.



Yes.. some will be calling for a cycle peak.. and downside from here.. but the weekly candles argue strongly against it.

Notable strength: TWTR +16% in the $48s