Friday, 2 November 2012

1pm update - indexes trapped

The sp'500 is stuck between the daily 50 and 10MAs. A close above the morning high currently seems unlikely. What remains the big question for the rest of today is whether we can see a latter day sell off, and close below the Wednesday close of sp'1412.



I'm a bit tired, its been a long week..although that might seem strange to say, considering its been a 3 day trading week.

I suppose many would say a major fall on Monday is impossible, just prior to the big election. As ever..we'll see.

*the VIX remains flat, although it is oversold on the hourly cycle, and is due some upside into Monday morning.

back at 2pm