Thursday, 11 February 2016

3pm update - late day hyper ramp

The sp'500 broke a fractional new cycle low of 1810, but from there it has formed a very clear spike floor. Meanwhile, there is chatter that OPEC are in talks for supply cuts.. but such cuts will likely be minor, and will take months to feed through.




So.... another example of a turn from 2.30pm.  Kinda like magic, yes?

It looks like we've a short term floor... but of course.. broadly... the bigger trend is absolutely bearish.

In far more important news... we've a new Batman vs Superman trailer


Unless we collapse <1800.. or soar beyond 1900......... I'll merely return at the close.