Friday 11 April 2014

2pm update - another rally attempt

This has turned into something of a pretty interesting day to watch..as the bull maniacs keep attempting to push this market back up. What should be clear though.... the underlying pressure is now down. Equity bears should continue to seek a weekly close <sp'1838


sp'15min


Summary

*I remain on standby to pick up two positions... spy -short... VIX-long...before the close.
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Plenty of time still, for the maniacs to give it one little wave higher...if only to 1832/34


2.03pm.. this market is really teasing the bears...so close to new lows... but no.

Key resistance, 10EMA @ 1832...


2.12pm.. the minor chop..in the low 1820s continues.

2.23pm.. NEW lows...and the 1830s..are slipping out of range... urghh.


2.41pm.. well, so much a re-short.  Seems utterly stupid to short here..with high risk of 1830s on Monday.

Such an annoying end to the week.