Tuesday 8 July 2014

3pm update - chop into the close

US equities look set for some mild chop into the close, and it would look highly probable that the equity bulls will manage a daily close in the 1960s... which keeps the short term upward trend intact.


sp'60min


Summary

Little to add...

Hourly cycles look floored at sp'1959, and we are already see the MACD cycle starting to tick higher.
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back at the close.