Friday, 4 December 2015

3pm update - a wild week

It has been another wild week in the world's most twisted casino, with a Wed' opening high of 2104.. then a rather fierce collapse wave of 3.1% into Thursday afternoon. The sp'500 is now set for a fractional net weekly gain (>2090.11). Incredible.


sp'60min



sp'weekly1b



Summary

Regardless of the exact close... its been a very dynamic few days, as the market continues to try to adjust to the notion of the Fed raising rates... which is now a certainty.

No doubt today's fierce whipsaw higher has greatly annoyed some traders, but at least its not boring, right?
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A straight run to the sp'2150s remains VERY viable into the FOMC of Dec'16th.

yours..... tired...   and I think many of you out there will be too.