Wednesday 21 January 2015

2pm update - stuck at declining resistance

Equities have cooled somewhat, having got stuck at what is rather obvious declining resistance. Price structure is offering a baby bull flag on the micro 5/15min cycles.. but with the ECB tomorrow morning... it really is a case of 'if... then'. Metals remain a touch weak, Gold -$2


sp'60min


sp'daily5


Summary

...tiresome... and cold. Is it Friday evening yet?
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back at 3pm