Friday 31 May 2013

3pm update - its a tease for the bears

The main indexes have broken below the morning lows, but we are still holding just above key support @ sp'1644. VIX is +5.5%, a new daily high. USD is actually starting to cool down a little.


sp'15min


Summary

A little bit of drama to end the day, or just a cruel bear tease?

I'm guessing it WILL hold.
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Those bears getting lost in hysteria, might be able to have their heads ripped off.

3.10pm...15min cycle looks BULLISH.

3.42pm... sp'1641....cycle STILL looks bullish for Monday.

3.50pm ...1639s... thats pretty interesting! Were it not the weekend, I'd be picking up another block to go LONG.
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back at the close.