sp'60min
Summary
The hourly chart was offering a clear bullish F flag at the Monday close, but like last Friday morning.... it looks set to FAIL.
Best guess... 2060s today... and then a little upside into Wed' afternoon.
With two bull flag FAILS, unless the Yellen magically inspires even the doomer bears tomorrow afternoon... market looks set to take out the 2039 low within days.
One thing is for sure... price action looks set to get increasingly dynamic and exciting across the rest of the week.
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Update from Mr C.
With a lower open, it looks like Oscar is going to have decide how he wants to kill himself for his next video... having been wrong for 3 consecutive days. How about death via being crushed by QE paper?
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Have a good Tuesday.
8.31am.. Housing starts -17%.... @ 897k.... worse number since Jan'2014. Not exactly inspiring for the bull maniacs.
...again, talk swings to the Fed less likely to raise rates/tighten.