1pm update - weak bounce..so far

The bounce after the second morning low is still holding, but its weak. I suppose at least the issue of  whether there will be greek elections in June or not is now clarified. As I type, the 15min cycle is again rolling over, urghh. What a mess today is!


Sp'15min

Sp'60min H/S formation

Summary

The bulls will be desperate for a closing over the hourly 10MA of 1341

As noted earlier, I'm not pleased with the action today, its just too messy. I remain hoping for a moderate rally into opex-Friday, at which point it might be the right time to re-short.

More across the afternoon!