Thursday, 9 August 2012

3pm update - Closing hour tedium

There would appear no reason why this final hour will be any different than any of the others. The VIX shows a complete lack of volatility in the immediate term.

sp'60min, rainbow



What else needs to be said, other than..we remains trading in a micro-range.

The daily MACD cycle is showing signs of levelling out. Not a bad level to short at, with simple stops around 1405/10/23.

A little more after the close...