1pm update - still sleepy

The earlier collapse wave...5 points...is indeed shameful..and mere noise.

Its too quiet to stay awake...





sp'60min

Summary

It looks like we briefly broke the small wedge, within the bigger one. Yet, we're back to flat again.

Dull, dull..dull

12pm update - bears need to feed

The market remains in utterly mindless semi-conscious boredom mode, although in the last 10 minutes, something seems to have upset those nasty algo-bots.

Meanwhile....in Colorado, USA





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Sp'daily5b - H/S formation idea

Summary

Market is ticking lower as I type.

*new chart above, its just an idea. I only have low confidence in this formation right now.

Most important of all, as noted, bears must see 1340s...to suggest 'anything interesting', otherwise, its just another higher low..and then up we go into September.

Time for lunch...maybe...something sweet.

11am update - zero volume slow motion melt

Another dead trading day.


sp'60min

Summary

I'd be utterly bemused if we can break over the top of the wedge/channel line at 1409/10.

First downside target 1402..which is embarrassing to say, since its only 3pts lower.