Friday 20 July 2012

12pm update - significant bounce possible

Bears only able to manage sp' -10pts..thats just no good, but its to be expected.  We could still close green today and delay the turn until the middle of next week.


sp'60min



VIX'60min


Summary

I am tired of today already, even the VIX move is mediocre, and until we see VIX 20+, any down moves are not to be trusted.