Friday, 7 June 2013

2pm update - a touch of afternoon weakness

The main market is still holding broad gains of 1%, but we're still seeing a little weakness. Bulls should be seeking at least a close in the 1630s, anything >1635 would be a bonus. VIX still looks set to close very weak, possibly -10%. Metals remain sharply lower, Gold -$29



We are probably just still building a small baby bull flag on the hourly charts.

Target upside for Mon/Tuesday is sp'1655/60.

*I will hold index longs..across the weekend.