1pm update - pick a marble

US equities remain in micro chop mode. Underlying price pressure continues to swing (if extremely slowly) toward the equity bears.. with the gap zone of sp'2065/61 likely to be hit next Monday. Oil is clearly a threat to the bull maniacs.. as no deal of any significance will be reached in Doha this Sunday.


sp'weekly1b

Summary

*note the upper weekly bollinger.. currently holding around the historic high of sp'2134

Further, note the rising 10MA.. which next week will be around 2020. It is going to be damn tough to get a monthly close under 2020.
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.. as things stand, even if we cool -0.5% by the close, a sig' net weekly gain is still due for all the main US indexes.
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For those utterly bored...

Pick a marble



This is the reason we have long needed 1080p50 resolution.

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back at 2pm