Friday, 4 May 2012

3pm update - falling into the weekend

An exciting closing hour is ahead. Who (human or algo bot) wants to hold long across the weekend? Lets see how many of the rats decide to bail ahead of the multiple European elections this weekend. A close of sp'1365 or lower would be a few bonus points lower for the bears.

Bears should however be already satisfied with today's action, the multiple bearish confirmations on the hourly and daily cycles are more than enough to give good confidence for much lower levels across next week.


A close under the 10MA - currently 1378 would be 'useful'

More after the close
*I will post the weekly cycles later this evening, as part of the weekend coverage :)