Friday, 18 May 2012

11am update - Eyes on FB

Will the hysteria of FB...turn into retail trader horror? Just a brief update this hour, but a reminder also on the VIX.




Looks like the market is breaking out of the descending wedge (grey dashed line), but there is a long way until we're out of the down channel. SP'1335 top of the channel by end today....I'd like to see 1340s to really confirm it next week.

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