Wednesday 13 February 2013

2pm update - afternoon ramp time

Its that time of day again. The hourly index cycles are very possibly floored, and we could easily climb into the close. VIX is still 2-3% higher, but we're seen time and time again.it weakens into the close. Incredible underlying index strength...its just always there.


sp'60min



GLD, daily



SLV, daily


Summary

So..lets see if the bots can melt the indexes back to new highs by the close.
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For me, metals remain the interesting aspect. Gold is especially weak right now. Significant downside viable. For the moment, I'm not chasing it lower.