Wednesday 7 August 2013

11am update - short term floor

The main indexes are starting to confirm that the bullish wave from sp'1560 is very likely complete. With the near term support broken, the only other level to confirm a top is some price action under sub'4 wave.. <1675.


sp'60min


Summary

I'm tired of things today...

Certainly, who the hell wants to be short ahead of another damn $3bn QE tomorrow morning?
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I'll wait and see where we are then. Urghh