Monday, 22 October 2012

3pm update - closing hour weakness?

Mr Market is still weak, and despite a number of micro-ramps, we're still set to close moderately red on the main indexes. Next downside target is the recent cycle low of sp'1397



A good start to the week so far, although the VIX is lagging a little.

Bears should seek a close <1425, with VIX +5%

Anything <1420 should be considered a bonus

back after the close :)