11am update - don't get rattled

Its opex, which is usually not the best of days to trade this nonsense. Mr Market (the unconscious entity that is it) is probably just trying to shake out all those weak bears who are again terrified at seeing a sp'10pt bounce.

Its time to be reminded of the bigger perspective

SP'daily - bullish scenario

Only a move above sp'1400 would violate the bear flag, and I doubt anyone would believe we can hit 1400 today or even early next week.

Bears should look for a daily close under the 10MA of 1377, that would be enough to lead into a more significant move lower next week.