Thursday, 5 March 2015

1pm update - hourly cycle rolling over

After a rather lame rally attempt... market looks set for weakness into the close... and viably... all the way into the weekend. Primary downside target remains sp'2065.. which might equate to VIX 17s. Metals look set to turn red, Gold +$1. Oil remains broadly weak, -1.0%.


sp'60min



sp'daily3 - fib retrace


Summary

Suffice to say... after a few tedious hours... market looks like it is ready for the next down wave. Clearly. the bigger part of that will be tomorrow.
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Notable weakness: aluminium stocks... AA -1.8%