Friday, 7 June 2013

1pm update - minor down cycle

Main market is seeing a minor pull back, but it could just be building a small bull flag. Daily charts are turning upward on all indexes. VIX is similarly weak. Metals are still sharply lower, whilst Oil is holding good gains of 1.6%




On the 15min MACD cycle, we've already broken negative cycle, and I'm guessing we'll level out within the next hour.

A rally into the close looks...kinda likely.

For the bears..this is a lousy end to what - up to yesterday lunch time...was a very good week.