sp'15min
sp'60min
Summary
The 15min cycle is low, there IS significant room for a spike/re-test to yesterdays peak of 1363. If 1363 is broken..a quick move to 1370/75 is possible.
So long as I don't hear the phrase 'Fed balance sheet expansion', I will be confident to short the peak of the nezt 15min cycle..that could come as early as 1pm.
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...standing by.
UPDATE
12.35
QE-twist extended to end 2012.
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so...... NO QE3
NO 'expanded balance sheet'
I will short this market at top of the next 15min cycle...late this afternoon, or early tomorrow.