Tuesday, 4 September 2012

3pm update - daily cycle reversal

The minor declines are now largely reversed, and we're already seeing both the Transports and the Rus'2000 small cap show significant moves back to the upside.

The VIX could easily close a touch red, and that bodes very badly for the bears tomorrow, and perhaps the rest of this week.




I've A LOT of good charts to highlight later, today was kinda important, and so far, its going as expected. We seem set to get 2 or 3 days higher, the only issue is whether we can take out the previous 1426 peak, right now..that seems more likely than not.

More after the close