Friday 27 March 2015

1pm update - micro bull flag

US equities are moderately mixed, with the sp' stuck around 2062/58. Renewed upside into the weekend looks very viable... with price structure.. a micro bull flag.. offering 2075... along with VIX 14s. Gold remains a little weak, -$3, whilst Oil is -2.5%.


sp'15min


Summary

Its getting a little tiresome again... as market is in minor chop mode.. but as noted... price structure is slanted in favour of the bulls.

... Yellen is due just before the weekly close... and that might be a valid excuse to settle in the 2070s.
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notable weakness: coal miners, BTU -8.1%.. with a new multi-year low of $5.03.