Friday, 15 March 2013

3pm update - chop to close the week

The main indexes remain slightly lower, but its clearly nothing significant. Considering its quad-opex, it simply remains the case that its highly improbable any clear move until next week. VIX is a touch higher, but its all minor noise still.



Little wave black 5' is very likely complete.

In which case, we might see a moderate Blue IV wave lower early Monday, before a final Blue'V' higher across Tue/Wednesday.

If thats correct, the bears can start to take positions in the latter part of next week.

back at the close