sp'60min
Summary
*At the open, rising trend support will be around 1930... and 1935 at the close.
--
So, we're set to open a little lower - much like yesterday. Hourly MACD cycles are offering upside as the day proceeds, and into next week
Best guess remains, market to break above the 1993 high... and into the 2000s next week.
If the Fed don't raise rates - which remains a very viable prospect, market would likely ramp on it (at least briefly).. to the 2050/70 zone. From there... I'll start building short positions.
--
Update from Oscar
--
Interest rate chatter from Jberni1
I rarely highlight this guy, but he does bring up some important issues.
---
Overnight Asia action
Japan: -0.2% @ 18264.. more consolidation after the Wed' hyper gains.
China: +0.1% @ 3200... a day of relative calm to end the week. Outlook remains bullish to the 3500/600s.
-
Have a good Friday
-
9.40am.. Same as yesterday. Rising trend should hold.. and we're set to close positive.
I had eyes on QCOM at the open.. but frankly, I'm already more involved on the long side than I'd care to be.. .so I'll just sit back and wait.. holding DIS, USO.
A lot of opening (upside) reversal candles.. bears beware.
-