Wednesday, 6 June 2012

2pm update - awaiting the Bernanke..tomorrow

Market still holding up very well.


Sp, daily, bearish outlook, count'2


VIX, daily, rainbow


Summary

A simple reminder, of the mid-term outlook. Blue count, wave'2, seeking 1350 or so - preferably no later than end of next week (Fri' June'15).

VIX confirming the index move higher...VIX near term pullback target, 20...possibly 19/18.

Stay tuned