Thursday, 31 May 2012

3pm update - falling into the close?

Its that time of day we see a mini ramp..or fall into the close? The 15min cycle is maxed..and offers good downside, but the hourly cycle is somewhat problematic. With a red VIX, bears have a problem right now.

Lets see how many of those bullish rats get twitchy, and decide to bail ahead of the jobs report tomorrow.




Bear targets for the close...
a close under the 10MA - currently 1309/10 least marginally green, preferably 24.75/25.25

More after the close...