sp'60min
Summary
The hourly MACD cycle is clearly on the high side, and its not entirely surprising we're set to open negative. However, 2K should comfortably until after the FOMC.
Indeed, I'd imagine we'll see 2030/40s by 2.15pm this Wednesday.
From there..... the rally from Feb'11th should have concluded.
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Update from Mr C.
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Doomer chat : Hunter, with Celente
As ever, make of that what you will. I sure don't agree with all of it. The issue on debates though was particularly interesting. Can you imagine listening to 60mins of Ted Cruz, and then 90mins of Marco Rubio. The horror!
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Overnight action
Japan: +1.7% @ 17233
China: +1.7% @ 2859
Germany: currently +1.4% @ 9970. Again, the 10K threshold is important. Equity bears really don't want to see a weekly/monthly close >10K.
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Have a good Monday :)