Friday 2 November 2012

2pm update - an important afternoon

With the election next Tuesday, 'they' won't let the market actually sell off into it..would they? The indexes are still only slightly lower though, and the VIX is flat, its certainly not a massive reversal, but we sure ain't up.


sp'60min


sp'daily5



Gold, daily


Summary

Two exciting hours left of the week, lets see if we can battle lower <1420..with a target of 1411. The latter is unlikely today, but the index hourly cycles are all going negative cycle in the next hour.

The bears have everything set up..its time for them to charge back.

back at 3pm