Thursday, 26 July 2012

11am update - STFR

Sell the proverbial algo-bot rip. Mr Market really starting to struggle to hold it together right now. Any move under 1350..and we could even close red.




*note the black doom candle in the opening 30minutes...the VERY first sign of a failure.


It would be truly hilarious if we can close red today. As it is, I would settle for anything under 1350. That still allows a test of 1325 by the Friday close - when we have key GDP Q2 data.

More later.