As of the Friday open, equity bulls should be at least holding the sp'2085/80 zone. Broadly price pressure remains bullish, and the 2100s remain due. USD has cooled from earlier highs, now just +0.2% in the DXY 99.70s. Oil has recovered to -0.5%. Gold remains weak, -$4 @ $1070.
sp'60min
Summary
The nano chop continues.
A touch of weakness early Friday is viable.... but that in itself will merely offer another level to buy at.
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A curious stock remains...
BAC, daily2
I've still yet to pick up BAC, having watched for the entire year. Key threshold remains $18. A monthly close above that.. and its a straight run into the 21/23 zone by summer 2016.
Hmm, what do you think?