Monday, 18 June 2012

11am update - the rally continues

I have little sympathy for those bears not covering at the open. They had the opportunity to close out at sp'1335. It is now seemingly very likely we'll be around 1355/65 within the next few days.

VIX is very weak, and highly suggestive of higher indexes into Wednesday. 'Fed day'.


sp' daily 4mth


Everything going as expected. I see the only issue as 'how good a short entry can I get?'.

The good bears.....are going to need to be patient for just another day or two.