Friday, 14 August 2015

2pm update - increasingly vulnerable

US equities are holding minor gains, but look increasingly vulnerable into the close. A weekly close above declining resistance @ 2099 looks well out of range. The equity bears have continued to hold the market in a series of lower highs.. and lower lows.




As things are.. the market looks set to close in the sp'2085/75 zone.

*Last weeks close was sp'2077... so.. a fractional net weekly decline is just about possible, with two hours to go.

back at 3pm