Friday, 14 December 2012

2pm update - selling into the close

With the transports now looking like its rolling over, we should see further weakness all the way into the close. VIX is sporting a baby bull flag on the hourly chart, and a close in the low 17s looks very viable. The Dollar is surprisingly weak, -0.5%.




With two hours to go, I'm not expecting anything dramatic, but baring another stupid rumour/news report - as we saw yesterday at 3pm, this market should slip lower into the close.

Anything <sp'1410 would be useful, and set up a straight forward gap under <1400 at the Monday open.