Monday, 25 June 2012

2pm update - the bounce underway

Market appears to have floored around sp'1309. Mini-ramp/bounce appears zone 1320/25.

From the daily cycle perspective..things are VERY much clearer.

sp' daily, 4mth


sp' 15min


Standing by to re-short 1320/25 (probably) later than 3.45pm. It all depends on when the price zone is hit.

The hourly 10MA (and falling fast) at sp'1322 will be very strong resistance in the closing two hours.