Monday 20 April 2015

2pm update - naturally stuck at the gap

US equities have got stuck at the gap zone of sp'2102/04. Regardless of minor weakness into the close, further upside looks due across the week.. with a key break >2111. Metals remain weak, Gold -$11. Oil is holding moderate gains of 0.4%.


sp'60min



Summary

Little to add.

Price structure is a baby bull flag. as better seen on the smaller 5/15min cycle.

A daily close >2105 looks unlikely... but is certainly viable tomorrow.
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notable strength:  AAPL +2.6%


Looking strong in earnings.. next Monday, Apr'27th