Wednesday 17 June 2015

1pm update - a touch of weakness

Equities have turned a little lower ahead of the FOMC, and in some ways, this is ironically bad for the bears. The bigger daily cycle is offering a clear fail at the 50dma, but for now.. its getting increasingly messy. USD is similarly choppy, -0.1% @ DXY 94.90s.


sp'60min



sp'daily5



Summary

*I'm getting increasingly tired of things today...  I'll stick around, but I ain't much in the mood for hitting any buy/sell buttons.
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notable weakness: TWTR -1.6%... daily/weekly cycles look lousy for rest of the summer.

...back just before the 2pm announcement.