Tuesday, 22 September 2015

1pm update - a little higher to go

US equities have marginally broken below the morning low. The smaller 15/60min cycles are offering a little more upside in the 1pm hour.. but broadly... the underlying downward pressure is again increasing each day - as was the case in mid August.


sp'15min



sp'60min


Summary

Little to add
--

*I am on standby to initiate a number of short positions within the next few hours.

However, if market sees renewed weakness.. before 1945/50... I will probably stay out.