sp'daily5
Summary
Little to say, the levels are clear.
'white flag' territory is >1630. No serious/big money can be holding short if we break above that.
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Unquestionably, this market is back to bullish, baring a daily close <1600.
Tuesday, 2 July 2013
11am update - back on the border
Bears are again looking weak, and bulls are close to breaking above the important 50 day MA. A daily close in the 1630s, and it will once again wash away all those on the short-side. Considering the low volume, bears have little hope of anything this side of July'4
sp'daily5
Summary
Little to say, the levels are clear.
'white flag' territory is >1630. No serious/big money can be holding short if we break above that.
--
Unquestionably, this market is back to bullish, baring a daily close <1600.
sp'daily5
Summary
Little to say, the levels are clear.
'white flag' territory is >1630. No serious/big money can be holding short if we break above that.
--
Unquestionably, this market is back to bullish, baring a daily close <1600.