Tuesday, 1 December 2015

2pm update - baby bull flag?

US equities remain somewhat stuck, with the sp' +11pts @ 2092. Price structure is a viable baby bull flag/pennant, offering renewed upside into the close/early Wednesday. For now, equity bears have nothing to tout unless a break <2080. Oil remains moderately choppy, back to u/c in the $41s.



So..  price action is increasingly nano chop.. ahead of a fair amount of Wed' data/events.

A daily close in the 2095/90 zone looks probable.

With another higher low of 2080, equity bulls remain in control.

notable strength

DIS, daily

Today's candle is currently an inside day..  a viable turn... with the $117/118s viable by the Friday close.

back at 3pm