Friday 21 June 2013

2pm update - choppy, but climbing

The market indexes have broken out of their extremely steep down channels, and a bounce is underway. We've already broken marginally about the hourly 10MA @ sp'1593. VIX is cooling down, and looks set for a gap fill in the upper 16s on Monday.


sp'60min



vix'60min


Summary

Suffice to say, its looking good for 1620s by late Monday.
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*I exited a small index-long position @ sp'1594 a little earlier, and  that concludes my week.