Monday, 23 April 2012

Shields bullish maniacs!

Good morning! The daily cycle bear flag will be confirmed at the open with a gap lower of around 1.25% or so, that gets us to around sp'1365.

Everything is looking good for a bearish week ahead.

This remains the primary chart to keep in mind...

Sp'daily, bearish outlook

Doubtless, regardless of how low we fall this morning, we'll get a bounce/test of the 10MA later in the day, and then rollover again.

Those bulls who were going long on Friday are getting a chance to exit this morning for just a minor loss, if they hold, they could be panic selling by late Wednesday. From a bear's perspective, this could be a highly amusing week to watch and be part of ;)

Much more throughout the day!