Monday, 25 June 2012

11am update - awaiting a bounce (again)

Well, we've seen a pretty good morning sell off. VIX had a nice spike..and we are probably going to see some kind of bounce across the next few hours. 'Probably' being the key word.




I decided to get intentionally stopped out at sp'1315 or so. That made for a valid exit, a good trade to start the week.

I will look to re-short via the 15min cycle later today, probably after 2pm at least. Considering the daily cycle, I will look to hold short overnight - even though there is moderate risk of opening gap higher..

Primary trend IS down.