Monday 10 June 2013

Closing Brief

A very quiet day to start the week, with the sp' hitting a high of 1648, shortly after early lows of 1639. Precious metals held slight gains, whilst Oil failed to claw back to evens. VIX closed a touch higher, but the gain was arguably mere noise.


sp'60min


Summary

Kinda dull wasn't it? Oh well, the open gave the bulls a chance to exit (as I did), and the low of the day came just 30mins later.

Hourly charts are suggestive of 'some weakness' early Tuesday, but that will be difficult with the daily charts swinging increasingly back in favour of the bulls.
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*I am mostly back on the sidelines, seeking a better index long-entry tomorrow, preferably in the 1625/22 area, although that sure looks difficult, with the bears generally weak.
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bits and pieces across the evening.