Friday, 26 February 2016

11am update - moderately higher

US equity indexes remain holding moderate gains, with the sp'500 comfortably above the 50dma. A weekly close in the 1965/75 zone remains probable, as momentum continues to swing toward the bulls on the bigger weekly cycles. Of course, broadly... the monthly charts remain outright bearish.




*note the floor spike on the weekly candle... HIGHLY suggestive of further upside to at least 2K.

Dare I say, its feeling a little tedious, or maybe I'm just tired having returned from retail land.

There is next to zero downside pressure. So... a  bit of chop.. but leaning on the upside into the weekend.

Here in London city....

Fine enough.. to end the week.

time to cook