Tuesday, 5 June 2012

12pm update - sp'1290s..just about still viable

These crazy little cycles are arguably pointless to try to predict with precision. Looks like we may yet be seeing a wave'4 comprised of 5, rather than 3 waves. So, 1290s are still viable by 2-3pm. A fall, as low as 1250s remains a very real threat to the bulls by late Wednesday/early Thursday.




The VIX remains red, so the bulls still have that going for them.

*I'm still long, looking to exit around 1290/92, am not sure if I'll switch to a short position if we get to that point.
time for lunch....