sp'daily5 - A1
sp'monthly3c - A1
Summary
*... and those will be your last inverse charts for today... normal service resumes at 1pm
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I do think monthly3c is usefully provocative, as even the bull maniacs should question at least a 'natural back test' to around sp'1600 this year.. before renewed upside.
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As for ongoing equity price action today, its clearly still messy, and if we don't see renewed weakness into the close, it will make for a disappointing end to the week.
I suppose it could be worse.. we could have gapped straight into the sp'2080s on 'goldilocks jobs data'.. and be pushing toward 2090/2100s.
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Here in London city...
Hazy skies... as summer warmth might be just 3-4 weeks away!
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time for lunch