The collision of global markets and social mood

Tuesday, February 19, 2013

'Til Tuesday

Futures are floating higher as Europe has a strong day so far. 1514.14 is the new stop for now, but if it should fail, it still wouldn't endanger the uptrend (though breaking 1498.49 probably would). I think the market has another leg higher before at least a multi-day correction.

There is still a Fibonacci expansion target at 1531. A correction could target the 1455 area +/-.

It feels like Monday, but it's Tuesday. One step closer to the weekend already.

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