sp'60min
Summary
... lets see what the algo-bots make of the latest fedspeak.
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notable weakness...
QCOM, daily
A rather severe break of already-broken (Nov' 5th) support of the $52s. On a bigger multi-year perspective, next support is not until the 42/40 zone.
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2.02pm.. a little chop... but threatening to push into the 2070s... as Fed press release suggestive most are looking for a hike at the Dec' FOMC.
... I'll believe it.. when I see it. Not least after the Sept' debacle.
2.12pm.. Well...here are the sp'2070s...
Either it gets stuck here... or bears got even bigger problems than I'm guessing.
2.15pm.. 15mins from typical turn time.
Those day-trading bulls out there... its surely time to tigthen stops... with threat of a reversal.
AAPL looks tired...
2.30pm.. Its typical turn time.... cyclically, equity bears will be favoured into the close... with a short term high of 2075.