Thursday, 31 May 2012

12pm update - lunch time churn

With the market selling off to successfully break under sp'1300 - to the surprise of some, we've already seen a little bounce off the lows. What will be paramount for the bears later today is a fail for the indexes to break/hold over the hourly 10AM.

It remains important for the VIX to at least close moderately up today, a close in the 25s will be the target.


Time for lunch!