Tuesday, 20 August 2013

12pm update - bounce underway

The bears are unable to push any lower, and it would seem we're now in the early phase of a move back into the sp'1680s. Bulls should be content with any close >1655. Precious metals are holding moderate gains, whilst Oil is back to flat.


sp'60min


Summary

Well, for those going long at the open, today and tomorrow look set for good gains.
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Frankly, I'm tired..of it all.

Worse case...1680s...but it just keeps pushing upward to new highs.. I see a lot of people out there now touting 1760/80s again..in the NEAR term. Urghh

I can only dismiss such an outlook..as based on the bigger weekly charts.