12pm update - time for another bounce

The 15min down cycle only lasted 45 minutes, and again we've seen a bounce. A break over 1345 opens up the mid 1350s. The H/S formation target of 1370/75 still looks a long way up


Sp'60min, count'1

Summary

Note the MACD cycle, which is showing underlying uptrend - a real threat to those holding short. We are due to go +cycle this hour or no later than 2pm. Further upside looks VERY likely right now.

I'm tired of this mess today. Right now, the only trade I would consider is a re-short around 1365/75 this Friday..or early next week.