Thursday, 24 May 2012

3pm update - more closing hour uncertainty

Well, the algo-bots are battling it out at the hourly 10MA. Considering the MACD cycle...its not looking so great for the bulls, yet we saw what happened yesterday afternoon. If we can break under sp'1310..things could fall away pretty strongly into the close.


As noted earlier, bears will want a close under the hourly 10MA @ sp'1312 , with VIX in the mid 23s.

Oh yeah, there is plenty more where this came from, ha.

More after the close