Wednesday, 30 January 2013

3pm update - weakness into the close?

With the FOMC announcement out of the way, things just a little bit simpler. Mr Market certainly hasn't lurched any higher, and we've just recently taken out the earlier morning low of sp'1503. Bears should be seeking a close under the big 1500 level.



Even a close of 1495/90 would not break the key uptrend.

Those bears seeking a significant retracement to the 1460/40 zone, have a hell of a task ahead.

VIX remains stuck under the earlier high in the low 14s.

Trans/R2K remain the leaders..and they are leading DOWN.

back after the close