Friday 14 June 2013

12pm update - still seeking sp'1625

The market is still on track for a further move lower in this hour. There is good support around sp'1625 or so. Metals building on earlier gains, whilst Oil is slipping lower..with the main market. VIX is higher, but only 2%.


sp'15min


Summary

A simple wave'2 ABC retracement, is that it?
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I am standing by to pick up an index-long within the next hour or two, but only if we see a further small wave lower.