sp'15min
sp'60min
Summary
Bulls need to hold yesterdays low of sp'1622. I suppose 1615 at the close of today would still be 'acceptable' as part of a larger bull flag.
The safer 'long' trade is one after the indexes have put in a daily close >1640. That looks possible today, and is especially supported on the hourly charts.
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*I remain on the sidelines, but will look to pick up a index-long block..perhaps later this morning.
I'm in no hurry though!
10.03am...sp'1629..so.....bulls now have a 7pt buffer zone.
10.07am.. VIX goes green, but I don't think it'll last for long.
I remain on standby to take a new index-long block.
10.25am.. market looks like its stabilised, but I think I'm going to sit this out.
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