2pm update - time for a fed book

Equities are holding minor gains, sp +4pts @ 2114 - back under (broken) resistance, ahead of the latest Fed beige book (due 2pm). USD has recovered a little from earlier lows, -0.4% in the DXY 95.40s. Metals remain weak, Gold -$9. Oil is seeing some rather severe downside, -3.0% in the $59s.


sp'60min

sp'daily5

Summary

A daily close UNDER resistance of sp'2115 is absolutely essential for ANY hope of the low sp'2080s.. whether tomorrow or Friday.
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... lets see what the fed have to say....
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2.01pm... a rosy coloured fed book... largely claiming is fine.

Equities a touch higher.. sp +6pts @ 2115.

As ever.. typical turn time is around 2.30pm... so now its again a case of whether we'll see weakness into the close.

For the bears.. at least the smaller 5/15min cycles are offering a rollover from current levels.