Monday 10 December 2012

1pm update - afternoon rollover?

There is still very little going on, but there is a tiny sign of a rollover on the hourly charts. Bears will need a close <sp'1415 to have any hope that the current melt up cycle is complete. VIX is still holding green, whilst Mr $ still trying to go green.


sp'60min



trans'60min


Summary

It remains..oh so quiet.

Best bear case..a close <1415, with VIX in the upper 16s.
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