Wednesday 30 May 2012

3pm update - rolling over into the close

The market has seen a bounce - as the 15min cycle displays clearly, and I'm guessing we are going to rollover very nicely into the close. A close under 1315 - last Fridays low, would be useful. A close at the low of day sp<1311 would be very bearish for tomorrow.

As often...look to the VIX, a close in the 24s would be good confirmation for those seeking sp<1300 by the Friday close.


Sp'15min cycle



VIX'60min



*Ohh, and I'm looking for FB to close in the 27s ;) ... $10 down....$14 to go.
 
More after the close!