sp'60min
Summary
We'll probably have a clear breakout by 2/3pm, at which point we might be making a play for a weekly close @ sp'1600
At the current rate, the MACD will go positive cycle early Monday.
*I am holding a small index-long from earlier, and would likely exit by the Friday close, if we are >1600.
1.14pm..well, we've broken out of the down channel, and we're testing the 10MA.
I'm guessing we will break above it..and that opens up 1608/10 by the close.
However, with it being opex, market makers might simply want to pin everything @ sp'1600
1.20pm.. EXITED minor long @ sp'1594, for rather nice little gain.
My week is done, no more trades for me this week :)
VIX update from Mr T.
Stay tuned