Monday, 10 June 2013

11am update - messy morning

The indexes start the week very mixed. Opening gains, then moderate losses, and now we're back up again. Daily charts suggest sustained..and increasing pressure to the upside. Bears appear to lack any power again, despite no significant QE today, nor Tue/Wed.


sp'60min


Summary

There is an obvious gap in the sp'1625 area, yet that simply might not get filled in this up cycle.
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Certainly, its too risky to short, and frankly..going long right now....not today, thanks
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