12pm update - yet another micro bounce

Well, we've traversed from sp-5 to +3 this morning. Those shorting the opening gap will be somewhat annoyed already.

The ultimate level remains 1422. If that is broken, it will entirely negate everything that started in late April.


sp'60min

Summary

Very quiet trading conditions, unless we get some news, this lack of action could last into next week. Urghh!