The hourly cycles are clearly rolling over (from the MACD perspective), although in terms of price decline, its still a very minor fall so far.
Sp'60min
I'd guess people could in theory re-short here, with a stop at today's high of 1415, but we could just as easily gap up tomorrow. We have the ADP jobs data at 8.30am, and if the market decides that's a 'nice' number, we'll probably gap up 0.75/1.00% - taking out anyone who went short today.
Story of the day...
Bolivian Gov't have decided to seize, aka..steal, aka...the communistic pigs have decided they'd now like to own someones Power Distribution company. I guess you could say they are following in the steps of Argentina who stole a large part of YPF a few weeks ago.
The ironic aspect is that the company the Bolivians have taken is...also largely Spanish owned. Those Spanish sure are starting to have a run of bad luck lately.
see : Zerohedge for full details - and also read those fun comments!
-
More after the close.
Sp'60min
I'd guess people could in theory re-short here, with a stop at today's high of 1415, but we could just as easily gap up tomorrow. We have the ADP jobs data at 8.30am, and if the market decides that's a 'nice' number, we'll probably gap up 0.75/1.00% - taking out anyone who went short today.
Story of the day...
Bolivian Gov't have decided to seize, aka..steal, aka...the communistic pigs have decided they'd now like to own someones Power Distribution company. I guess you could say they are following in the steps of Argentina who stole a large part of YPF a few weeks ago.
The ironic aspect is that the company the Bolivians have taken is...also largely Spanish owned. Those Spanish sure are starting to have a run of bad luck lately.
see : Zerohedge for full details - and also read those fun comments!
-
More after the close.
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