sp'15min
vix'60min
Summary
Market weaker than expected, very close to taking out yesterdays SP' low of 1337.
I still think there is a chance of latter day ramp to 1355/60.
For the moment..I will merely watch..and wait.
Tuesday, 24 July 2012
12pm update - waiting
With the daily cycle pushing lower, market is indeed under constant pressure, yet I still think there is a fairly reasonable chance of upside - via a C'wave. VIX is weak, and is not really showing any sign of real concern.
sp'15min
vix'60min
Summary
Market weaker than expected, very close to taking out yesterdays SP' low of 1337.
I still think there is a chance of latter day ramp to 1355/60.
For the moment..I will merely watch..and wait.
sp'15min
vix'60min
Summary
Market weaker than expected, very close to taking out yesterdays SP' low of 1337.
I still think there is a chance of latter day ramp to 1355/60.
For the moment..I will merely watch..and wait.