Thursday, 20 June 2013

Closing Brief - bulls massacred

With the market opening under the important sp'1620 support, the bulls were in trouble, and for the first time since last November, the bears took absolute control. Near term looks weak, and despite a very likely bounce, a move down to sp'1550/30 looks very possible next week.




Congrats to all those good bears who were shorting since the 1650s earlier this week. Its been a long time coming, but today is certainly one to revel in.

*Ironically, yours truly remains on the sidelines, but that's okay. I will merely look to short the next bounce, whenever...that might occur.

bits and pieces across the evening!