Thursday 20 June 2013

12pm update - bulls should be scared

The market has broken many key levels, and already effectively tested the 1598 low  Even though it held on this down cycle, I've near zero doubt it will fail in the next down wave. Primary downside target is the lower weekly bol'..currently @ 1488, and will be 1550/30 by mid-July


sp'60min



sp'weekly7 - this is the count I am now going with


Summary

So...lets see what kind of bounce the bulls can muster. I certainly think the 1620s will be hit later today.

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*sadly apt for the market bulls out there, this was just posted a little earlier





Even a mobster needs a cuddly bear at night. Farewell Mr G.
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12.04pm...floor is in for this wave...no doubt now.

Target..slightly refined..to 1625/27