Wednesday 6 August 2014

3pm update - upside into the close

US equities look set to rally into the close, with moderate net daily gains. Sp'1911 is very likely a key floor.. first upside target is the old support - now resistance, in the low 1960s. Metals are holding gains, Gold +$20.


sp'15min


Summary

A somewhat tiresome day..not least with the morning site issues...

Overall though.. I'm content with my sp'500 long from 1912... an exit in the low 1960s would be great early next week.
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3.08pm... Bulls just need 1925 to break trend...

3.21pm... market is trundling...but 1926/30 zone still looks likely at the close, and that will break the down trend (at least the one I'm following).

3.47pm... market stuck...and will close under trend resistance. Oh well, it'll give everyone a lot to think about overnight.

back at the close.