Tuesday 25 September 2012

12pm update - toppy, immediate term

Its looking a bit toppy on the smaller cycles. A red close is still viable, but I sure am not looking for anything under 1455.


sp'60min



vix'60min


Summary

I suppose the bears can at least say the VIX hasn't broken the recent 13.50 low, as if that is something to be joyous about.

So, looking for late day weakness, but it likely won't be much.
--
Time for lunch...back at 2pm :)