Thursday, 26 June 2014

10am update - opening weakness

US indexes are on the slide, and it is highly probable that we are seeing a minor C, 3, or whatever you wanna call it, down wave. Downside target remains the sp'1940/35 zone, which seems very viable this afternoon.



It looked like a bear flag yesterday....

..and with the break lower, it IS indeed a bear flag.

I like being right.... I just hope that train wreck WFM turns around before the July'4 weekend, I'm really somewhat in a real situation with that one. Urghhh

10.35am.. minor chop.

Time wise, I'd have to expect another little wave lower...into the afternoon.

I think its a case of 'lets see where we are at 2.30pm'.