1pm update - quiet day

The main indexes remain very muted. Hourly index charts remain suggestive of downside into Friday, yet Friday is a large 5bn QE-pomo day, and its opex of course. Metals are trying to battle higher, along with Oil, the lower USD is still helping.


SLV'15min

SP'60min

Summary

Quiet day.
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*Oil doesn't seem worth chasing higher right now.

I am on hold to launch an SLV short later today. Anything in the low 22s looks a viable level. First downside target would be 19.
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UPDATE 1.26pm.. am short SLV from 21.95.

I'm certainly curious as to how the next few days play out in the metals..could be interesting.