Monday 17 August 2015

3pm update - bullish break

Regardless of the exact close, the bull maniacs have achieved a clear intraday break above declining resistance... and the key sp'2100 threshold. VIX is confirming the equity swing, having cooled from 14.52 to 13.14. USD is holding moderate gains of 0.3% in the DXY 96.80s


sp'60min



Summary

Little to add.

A lousy day to start the week, and from a technical perspective, this is way worse than last Monday's nonsense. For me... I'm writing off the rest of the week.
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the evening sky matches my mood...


Summer will be wrapping up in 3-4 weeks... and then its 6-7 months of meteorological gloom. Is it time for clinical depression yet?
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back at the close