Wednesday, 5 September 2012

2pm update - more noise

A quiet Wednesday, and everything is now on hold until the decision of the ECB is made tomorrow.


dow'60min


Summary

From a MACD cycle perspective, we could in theory go negative cycle just before the close, so there is the likelihood of some weakness, but there really isn't much momentum to the downside right now.

VIX is still a little red, and does not bode well for the bears tomorrow.
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