sp'60min
Summary
So.. much like the past two days, we're set to open a little lower, and again, we look set for a renewed upside in the latter half of the day.
Considering its a fed day... the bulls must certainly have high possibility of the sp'2030/40s this afternoon. Whether they can hold such levels for long... that is another matter entirely.
I hold to the view that we're due to max out.. and begin a major new down wave across the spring and into early summer.
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Update from Oscar
I have a great deal to say on this.. but I'll try to deal with that.. some time today.
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Update from Riley
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Overnight action
Japan: -0.8% in the 16900s
China: +0.2% @ 2870
Germany: currently u/c at 9936.... 10K remains massive resistance.
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notable weakness: DB -6% in the $18s... as it warns it won't be profitable this year. Credit Suisse (CS) is -7% in the $14s... likely in sympathy.
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Have a good day !