Thursday 21 May 2015

3pm update - new highs into the close?

With a micro cycle to the upside, the sp'500 and Dow are both within range to break new historic highs into the close. Regardless of the exact close... it has been another day for the equity bulls. Metals remain weak, Gold -$5... and looking particularly vulnerable into the Friday close.


sp'60min



Dow, daily


Summary

*daily candle on the Dow is pretty bullish, upper bol' is offering the low 18400s in the immediate term.
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Well, it would have been a somewhat tiresome Thursday, were it not for dynamic movers like BABA, RIG/SDRL, LL, or even BBY.

This is no market for the bears.. and I am quite looking forward to the long weekend :)
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back at the close.