Wednesday 20 August 2014

12pm update - tiresome market

It remains a tiresome market to watch.. with incessant low volume algo-bot upward melt. Market is merely in a holding pattern ahead of the FOMC minutes at 2pm. Metals are starting to slip, Gold -$2. VIX looks floored in the low 12s.


sp'60min


Summary

..such an exciting market...I fell briefly asleep.

It is notable that whilst prices continue to melt higher, the MACD (blue bar histogram) cycle has turned negative.

That is very impressive. Given another 3-4 trading hours... the cycle should be ready for another up wave. 
--

time to cook